Global real estate services firm expands footprint to 150,000 square feet of space at Class A, 850,000-square-foot office building

JLL has completed a new transaction at 330 Madison Avenue in New York with building owner Munich Re Group. The global real estate services firm signed a lease for a total of 150,000 square feet of space in the Class A, 850,000-square-foot office building.

The tenant, JLL, was represented in-house by Peter Riguardi, chairman and president of the New York tri-state region. The building owner, Munich Re Group, was represented by Frank Doyle, chairman; Dave Kleiner, executive managing director; and Clark Finney, managing director, all with JLL.

“JLL’s success in New York has increased our need for quality talent, and we continue to grow and expand to attract and retain the best in the industry,” said Riguardi. “330 Madison has been an excellent location for us. Our ability to expand in the building and redesign our space will give us the ability to continue to efficiently grow and increase our operations here.”

JLL signed a 10-year lease for 150,000 square feet of space and will occupy a portion of the second floor, the entire third, fourth and fifth floors, and a portion of the sixth floor at 330 Madison Avenue, which is located between East 42nd and East 43rd streets. The real estate services firm is substantially expanding its footprint, having occupied 82,000 square feet at the building since early 2011.

The 39-story 330 Madison Avenue was designed by Ely Jacques Kahn, one of the fathers of the New York City skyline, and constructed in 1963. The building was renovated in 2012, including a new glass curtainwall façade, lobby, and updated systems. The building owner also enhanced the property’s infrastructure to meet U.S. Green Building Council standards for Leadership in Energy and Environmental Design Gold Certification for Existing Building Operations and Maintenance.

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.

About Munich Re Group

Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the capital investment company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake through to the 2017 Atlantic hurricane season and to the California wildfires in 2018. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies, cyberattacks, or pandemics. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals.

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 annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.