JLL has completed a new transaction for CafeMedia at 1411 Broadway with building owner Ivanhoé Cambridge Inc. The leading digital media company inked a lease for 25,261 square feet at the Class A, 1.13 million-square-foot office building.
The tenant, CafeMedia, was represented by Alexander Chudnoff, vice chairman; Dan Turkewitz, managing director; and Kip Orban, vice president, all with JLL. Ivanhoé Cambridge was represented by Paul Amrich and Neil King, vice chairmen, and Emily Jones, executive vice president, with CBRE Group Inc.
“CafeMedia was looking for expansion space to accommodate its thriving business,” said Chudnoff. “The firm is the world’s largest ad management service, providing the technology and services that help the highest-quality publishers grow their business and maximize success.”
CafeMedia signed a 10-year lease for 25,261 square feet of office space and will occupy the entire 27th floor at 1411 Broadway, which is located between West 39th and West 40th streets in Midtown. The digital media company is relocating from 417 Fifth Avenue.
The 40-story 1411 Broadway was designed by Irwin Salmon Chanin and constructed in 1970. Ownership completed a major redevelopment of the building’s lobby and plaza in 2016. The second phase of the property’s redevelopment will consist of the replacement of the windows on all floors of the building. The World Apparel Center is situated west of Bryant Park and south of Times Square, in an area that is increasingly popular with office tenants seeking outstanding amenities and proximity to transportation. Occupying a full block, the office tower boasts superb panoramic city views. The property features direct access to the Times Square subway station and is close to New York’s key commuter train and bus terminals.
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 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.
