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News release

NEW YORK, NY

JLL Inks Lease to Relocate Foot Locker HQ to 330 West 34th Street in New York

Footwear/sports apparel retailer takes 145,000 SF for 15 years; will occupy entire 2nd to 4th floors at Class A, 735,000-SF office building


NEW YORK, May 20, 2015 — JLL completed a new, direct transaction for Foot Locker at 330 West 34th Street with Vornado Realty Trust. The footwear and sports apparel retailer signed a lease for 145,000 square feet at the Class A, 735,000-square-foot commercial office building.

The tenant was represented by Robert Martin, vice chairman, and Christine Tong, senior vice president, both with JLL. Building owner Vornado was represented in-house by Glen Weiss, executive vice president, Craig Panzirer, senior vice president, and Jared Silverman, leasing director.

“Foot Locker preferred to remain in the Penn Plaza area,” said Martin. “The retailer was also looking for an office building that featured large floor plates that could accommodate the planned layout of its offices. Vornado’s 330 West 34th Street was ideal for Foot Locker, and we worked closely with the owner to complete the transaction in a tight timeframe.”

Foot Locker signed a 15-year lease for 145,000 square feet of office space and will occupy the entire second to fourth floors at 330 West 34th Street, which is located between Eighth and Ninth avenues. The footwear and sports apparel retailer is relocating to the office tower from its previous offices at 112 West 34th Street.
Vornado recently completed a capital improvement program at the 18-story, 330 West 34th Street building, with the effort including a dramatic, new, upscale lobby; a ground-floor amenity center; destination dispatch elevators; and state-of-the-art mechanical systems.

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 2014, the New York tri-state team completed approximately 22.8 million square feet of lease transactions, arranged capital markets transactions valued at more than $3.0 billion, managed projects valued at $7.6 billion, and oversaw a property management, facilities management and agency leasing portfolio exceeding 163 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 $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 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.