Firm brings building to 100 percent occupancy; completes 3 new transactions, totaling 52,106 square feet, with William Blair, D.E. Shaw & Cross Lake Partners

Edward J. Minskoff Equities Inc. and JLL have announced the execution of three new leases, totaling 52,106 square feet at 1166 Avenue of the Americas. William Blair & Co. LLC took 40,240 square feet, D.E. Shaw & Co. LP expanded by 6,566 square feet and Cross Lake Partners LLC signed for 5,300 square feet. With the completion of these transactions, Minskoff and JLL have leased the entire 1.6 million-square-foot office tower.

The office tower has approximately 360,000 square feet of contiguous office space on the 10th through the 19th floors that will become available for occupancy in 2021.

William Blair signed a lease for 40,240 square feet at 1166 Avenue of the Americas and will occupy the entire 20th floor at the Class A office building located between West 45th and West 46th streets in Manhattan. The investment management firm is relocating to 1166 Avenue of the Americas from 666 Fifth Avenue. The tenant was represented by Silvio Petriello and Benjamin Friedland, vice chairmen and co-heads of CBRE Group Inc.’s Alternative Investments Practice, along with Ramneek Rikhy, senior vice president, and Cara Chayet, vice president, with CBRE.

D.E. Shaw completed a 6,566-square-foot lease expansion for a portion of the third floor at 1166 Avenue of the Americas and now occupies 200,655 square feet of office space at the property. The privately owned hedge fund sponsor previously expanded at the building in 2016, inking a 195,000-square-foot renewal for the fifth through the ninth floors.

Cross Lake Partners inked a lease for 5,300 square feet and will occupy a portion of the 21st floor at 1166 Avenue of the Americas. The real estate private equity firm is opening its first office in Manhattan. The tenant was represented by Ryan McKinney, senior vice president, and Chase Gordon, vice president, from Transwestern.

“We are pleased to welcome William Blair and Cross Lake Partners to this dynamic building, and to continue our longstanding relationship with D.E. Shaw,” said Edward J. Minskoff. “The repositioning effort has transformed 1166 Avenue of the Americas, reinvigorating the property and integrating world-class art into a dynamic environment for tenants and visitors.”

Minskoff was represented by the JLL team of Paul N. Glickman, vice chairman; Cynthia Wasserberger, executive managing director; Jonathan Fanuzzi, executive vice president; Diana Biasotti, senior vice president; and Kristen Morgan, associate.

“Minskoff’s recent capital improvements have further established 1166 Avenue of the Americas as a leading Midtown office tower,” said Glickman. “The newly renovated lobby boasts extraordinary artwork that has distinguished the property within the surrounding community. The building is located in close proximity to Bryant Park, Rockefeller Center and to all major commuting hubs.”

JLL has served as exclusive leasing agent for the property, leading the repositioning and leasing effort for Minskoff as the company implemented a multimillion-dollar capital improvement program. Gensler was engaged to re-design the building’s lobby, lighting, outdoor canopies and security features. The recently completed lobby now showcases signature pieces of art, including Roy Lichtenstein’s “Modern Tapestry” and “Amerind Landscape” tapestries, and Kaws’s “Together” sculpture. Minskoff also plans to install “Big Big Penny” by Tom Otterness. The lobby renovation recently received the Landlord Architectural Achievement award from the Avenue of the Americas Association. Minskoff also has enhanced the office property’s telecommunications infrastructure to be listed as Wired Certified Gold with WiredScore.

Recent transactions at the property include a 34,940-square-foot lease for Janney Montgomery Scott LLC; a 32,500-square-foot lease for Huron Consulting Group; a 195,000-square-foot lease renewal for global investment and technology firm D.E. Shaw & Co., L.P.; a 39,000-square-foot lease for technology and services company Arcesium LLC; and a 39,000-square-foot lease for telecommunications leader Sprint.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2017, the New York tri-state team completed approximately 40.9 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $1.6 billion; managed projects valued at $7.9 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 147.8 million square feet.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 86,000 as of June 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.