The requested news item does not exist. Please return to News
Firm to provide marketing, agency leasing services for 34-story office building totaling 786,000 SF of office space
NEW YORK, March 12, 2013 — Jones Lang LaSalle was selected by Paramount Group Inc. as exclusive commercial leasing agent for 1325 Avenue of the Americas. The firm will provide marketing and agency leasing services for the Class A, 786,000-square-foot office building.
The JLL team overseeing the leasing assignment is led by Frank Doyle, vice chairman, and includes David Kleiner and Douglas Neye, senior vice presidents. The group will work closely with Ted Koltis, senior vice president, and Peter Brindley, vice president, with the Paramount Group leasing team.
“There are very few office buildings of this caliber that can offer a better value for space users,” said Doyle. “We presently have a successful agency relationship with Paramount Group working on its 900 Third Avenue leasing program. We are delighted that Paramount Group has tapped us again to work with its leasing team on a trophy building such as 1325 Avenue of the Americas.”
The 34-story 1325 Avenue of the Americas was designed by Kohn Pedersen Fox Associates and constructed in 1989. Located in Midtown between West 53rd and West 54th streets, the building presently offers approximately 222,000 square feet available for lease, including a block of space totaling 120,000 square feet. In addition, the property features highly efficient, column-free floors that permit up to eight corner offices each.
JLL is a leader in the New York tri-state commercial real estate market, with more than 1,750 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2011, the New York tri-state team completed approximately 15.9 million square feet in lease transactions, arranged capital markets transactions valued at $1.57 billion, managed projects valued at more than $6.8 billion, and oversaw a property and facilities management portfolio of 63.6 million square feet and an agency leasing portfolio of 49.8 million square feet.
About Paramount Group Inc. Paramount Group Inc. is a real estate investment and management firm with expertise in acquisition, finance, disposition, property management, leasing, construction and leadership in sustainability efforts and community outreach programs. One of the largest privately-owned real estate companies headquartered in New York City, the firm was established in 1968 by Werner Otto.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
George Shea, Mark Faris - Shea Communications