Firm to lease 72,012 square feet on 14th through 17th floors at Class A, 600,000-square-foot office building
JLL was selected by owners A.M. Property Holding Corp. and Quality Capital USA LLC as the exclusive leasing agent for a 72,012-square-foot office condominium within the Class A, 600,000-square-foot 420 Fifth Avenue commercial office building.
The new leasing assignment will be led byFrank Doyle, vice chairman; and further represented by Steven Rotter, managing director; Scott Vinett, executive vice president; and Clark Finney, senior vice president, all with JLL. They will work closely with Paul and Nate Wasserman of A.M. Property Holding Corp.
“There are just a handful of quality blocks of contiguous space with expansive views of Midtown South and Lower Manhattan remaining in the highly-coveted Bryant Park submarket,” said Doyle.
A.M. Property Holding Corp. and Quality Capital USA acquired the four-story office condominium from The Girl Scouts of the USA in November 2016. The space comprises 72,012 square feet of office space on the 14th through the 17th floors at 420 Fifth Avenue, which is located between West 37thand West 38thstreets.
“This truly remarkable leasing opportunity offers a nearly column-free layout with high ceilings, floor-to-ceiling windows and abundant natural light. Full turnkey solutionsare available in a range of sizes, with partial floor, single floor and multi-floor combinations for quality tenants,” said Vinett.
The 30-story, 420 Fifth Avenue was originally developed by Hammerson Property Corporationand The Development Corporation of London. The office tower was designed by Brennan Beer Gorman Architects and constructed in 1993.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,300 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2015, the New York tri-state team completed approximately 32.6 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $8.2 billion; managed projects valued at $7.8 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 141 million square feet.
About A.M. Property Corp.
A.M. Property Corp., wholly owned by the Wasserman family, has 30 years experience in the commercial real estate investment and construction industry.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
