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News release

NEW YORK, NY

JLL Inks Lease for Edward J. Minskoff at 101 Avenue of the Americas in New York

DigitalOcean to take entire 11th floor, partial 10th floor for 10 years; JLL brings Class A, trophy office tower to 95 percent occupancy


NEW YORK, September 4, 2014 — JLL has completed a new, direct transaction for Edward J. Minskoff Equities Inc. at 101 Avenue of the Americas. DigitalOcean Inc. signed a 10-year lease for 23,458 square feet at the Class A, 428,624-square-foot office tower.

The building owner was represented by Paul N. Glickman and Mitchell Konsker, vice chairmen, and Jonathan Fanuzzi, executive vice president, along with Peter Riguardi, president of JLL’s New York tri-state region. The team worked closely with Jeffrey Sussman, executive vice president, at Edward J. Minskoff Equities. Digital Ocean was represented by Michael Kaufman of the Kaufman Organization and Yancy Foster of Yancy Group New York.

"Based on the quality of the asset, the strength of ownership and the recent completion of a major capital renovation program, it is not surprising that 101 Avenue of the Americas is one of the most coveted buildings in Midtown South," said Glickman. "In the past 30 days, JLL has leased more than 70,000 square feet at the building, bringing the office tower to approximately 95 percent leased."

“101 Avenue of the Americas offers tenants all the benefits of a modern corporate office tower along with the loft feel, and superior light and views sought by many media and technology companies,” said Fanuzzi. “The surrounding neighborhood boasts a wide range of amenities and immediate access to world-class hotels, restaurants and shopping in SoHo, Tribeca and Hudson Square.”

DigitalOcean signed a 10-year lease for 23,458 square feet of office space and will occupy the entire 11th floor and a portion of the 10th floor at 101 Avenue of the Americas, which is located between Grand and Watts streets. The virtual private server provider is relocating to the office tower from its previous location at 270 Lafayette Street.

Including the DigitalOcean lease, JLL has completed transactions totaling more than 411,000 square feet of office space for Edward J. Minskoff Equities at 101 Avenue of the Americas. Previously, JLL inked a 171,761-square-foot lease with The New York Genome Center for the second floor through the seventh floor of the building. Other tenants that have recently taken space at the trophy office tower include Blue State Digital, Evoke Interactive/Huntsworth Health, Unbound Philanthropy and Regus.
Approximately 20,000 square feet of space remains available at 101 Avenue of the Americas, including a new pre-built suite under construction on the second floor. This space will include a private, outdoor terrace, along with an open-plan design that features polished concrete floors, exposed ceilings and a coffee bar.

JLL is a leader in the New York tri-state commercial real estate market, with more than 1,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2013, the New York tri-state team completed approximately 25.9 million square feet in lease transactions, arranged capital markets transactions valued at $2.1 billion, managed projects valued at nearly $7.0 billion, and oversaw a property and facilities management portfolio of 95.3 million square feet and an agency leasing portfolio of 67.0 million square feet.

About JLL
JLL (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 fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.​