JLL to Lease 1.1 MSF Office at 11 Times Square
- Nov 29, 2011
November 29 2011
By Barbra Murray, Contributing Editor
SJP Properties, owner and developer of the year-old 11 Times Square in Manhattan, has tapped Jones Lang LaSalle to serve as the exclusive leasing agent for the 1.1 million-square-foot office tower.
In a joint venture with Prudential Real Estate Investors, SJP erected 11 Times Square on a formerly vacant parking lot that the partners had acquired in 2006. The 40-story high-rise reached completion in 2010, with law firm Proskauer Rose L.L.P. having already committed to roughly 400,000 square feet on floors 17 to 30 of the state-of-the-art, LEED-certified building.
As it currently stands, an aggregate 428,000 square feet of space has been leased. In addition to the office destination’s Class A status, Jones Lang LaSalle will be able to rely on the building’s transit-friendly location as a draw for tenants. The property offers an on-site subway entrance providing access to 12 subway lines, just for starters.
“With very few opportunities in Midtown to occupy space in a LEED Gold-Certified, new construction office tower, 11 Times Square appeals to tenants in search of a corporate address that will effectively enhance their business operations through our concierge-level services and the incorporation of leading-edge technology, Steven J. Pozycki, CEO of SJP Properties, noted in a prepared statement.