SJP Properties today announced that leading investment adviser Kepos Capital LP has signed a lease to relocate its headquarters to 11 Times Square. The 1.1-million-square-foot, state-of-the-art LEED-Gold-certified commercial tower is owned by SJP in partnership with PGIM and Norges Bank.
Kepos Capital, which manages $3 billion in assets for a global, institutional investor base, is relocating from The New York Times Building, located directly across from 11 Times Square. The company’s new lease will allow it to maintain its New York City presence within the same neighborhood – offering the city’s best transit access – while benefiting from 11 Times Square’s advanced technology infrastructure and concierge services.
Kepos Capital will take nearly 20,000 square feet on the 35th floor of 11 Times Square. The company was represented in its lease by Executive Vice President Ben Friedland and Senior Vice President Michael Movshovich of CBRE, while SJP Properties was represented by Vice Chairman Paul Glickman and Senior Vice President Diana Biasotti of JLL, the exclusive leasing agent for 11 Times Square.
“For today’s financial services firms, it’s critical to have an office that provides state-of-the-art connectivity and is outfitted with the latest technology infrastructure,” stated Steven Pozycki, CEO of SJP Properties. “For Kepos, this move allows the firm to maintain its presence in the city’s premier transit hub and occupy a building designed to ensure that tenants are afforded an optimized work environment to support their business growth objectives.”
Added Matt DesChamps, Chief Operating Officer of Kepos Capital: “We are excited to move our business operations to 11 Times Square later this year. The increased square footage and ability to design the space to our requirements in a state-of-the art building was an exceptional opportunity to create a customized work environment to serve our clients and support our growing business in the years ahead.”
Strategically located at the intersection of Eighth Avenue and 42nd Street, immediately north of The New York Times building, 11 Times Square serves as the western gateway to the business corridor that has continued to attract a tenant population migrating to the West Side of Manhattan for going on two decades.
The tower is among the most technologically advanced commercial buildings ever constructed in Manhattan, featuring LEED Platinum-level indoor air quality, a highly efficient glass curtain wall, and an innovative and precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety.
Proskauer and Microsoft anchor 11 Times Square’s office space, which is also home to an illustrious and diverse roster of tenants across the financial, technology, legal, and media industries. Last year, SJP announced that leading leisure park operator Parques Reunidos had signed a lease to welcome “Lionsgate Entertainment City” – a 45,000-square-foot indoor entertainment center themed around Lionsgate’s most beloved films – to serve as the building’s anchor retail tenant.
About SJP Properties
SJP Properties is a vertically integrated commercial and residential real estate developer, investor, asset manager, construction manager and property manager. The expertise of the company’s core in-house team of professionals encompasses the entire development process, from site selection through coordination of tenant move-in for large multi-phase office complexes as well as for individual tenant build-out projects. SJP is a recognized leader in the development of build-to-suit office and mixed-use developments on behalf of a long-list of leading corporations, including Panasonic Corporation of North America, Prudential, BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s Class A office portfolio is home to such prestigious tenants as Microsoft, EY, Jet.com, and Linde, among many others.
SJP’s leadership has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For over 30 years, the company has sustained an unblemished track record of success, having completed every project on time and within budget. For more information, please call 212-335-2200 or visitwww.sjpproperties.com.
