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News release

NEW YORK, NY

JLL Selected by Stawski Partners to Lease Retail Opportunity at 579 Fifth Avenue

Firm to lease 2-level, 9,020-SF retail availability across street from Top Shop’s new Fifth Avenue store


NEW YORK, October 22, 2014 — JLL was tapped by Stawski Partners as exclusive leasing agent for a two-level retail availability at 579 Fifth Avenue. The firm will provide property marketing and transactional services for the 9,020-square-foot space located across the street from Top Shop’s new Fifth Avenue store.

The JLL team handling the agency leasing assignment includes Paul Berkman, executive vice president, and Davie Berke, vice president.

“This is a great opportunity on one of the most active stretches of Fifth Avenue,” said Berkman. “There is a tremendous amount of foot traffic along this stretch of the block. In addition to the new Top Shop, the area boasts a Guess flagship, an H&M and a Karen Millen.”

JLL was tapped to lease the two-level retail space, which comprises 4,335 square feet of ground-floor retail with a 15-foot ceiling, and 4,685 square feet of lower-level space with an 11-foot ceiling. The property features 150 square feet of frontage on Fifth Avenue.

“We definitely feel this is one of the strongest availabilities on Fifth Avenue right now,” said Berke. “The neighborhood boasts a huge office population and a plethora of tourist traffic.”

Already outfitted with a glass and steel façade, the retail space at 579 Fifth Avenue was included in a recent renovation by ownership. The wraparound frontage features eight-foot wide by nearly 12-foot high windows and a revolving glass door flanked by two additional glass-and-steel doors.

The 17-story 579 Fifth Avenue office building, located at the intersection of Fifth Avenue and East 47th Street, is home to Bank Leumi, which signed a 20-year, five-floor, 60,000-square-foot lease in 2013 and jewelry purveyor Roberto Coin Inc., which occupies more than 9,000 square feet on the 16th and 17th floors.

JLL’s Retail Group serves as the industry’s leader in retail real estate services. The firm’s more than 800 dedicated retail experts in the Americas partner with investors and occupiers around the globe to support and shape investment and site selection strategies. Its retail specialists provide independent and expert advice to clients, backed by industry-leading research that delivers maximum value throughout the entire lifecycle of an asset or lease. The firm has more than 90 retail brokerage experts spanning more than 25 major markets, representing more than 440 retail clients. As the largest third party retail property manager in the United States, JLL’s retail portfolio has 350 centers, totaling 67 million square feet under management in regional malls, lifestyle centers, grocery-anchored centers, power centers, central business districts, transportation facilities and mixed-use projects.

For more news, videos and research from JLL’s Retail Group, please visit: www.jllretail.com.

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.