Skip Ribbon Commands
Skip to main content

News release

NEW YORK, NY

JLL Inks 39,075-SF Renewal for Edward J. Minskoff at 1166 Avenue of the Americas

Sprint Communications signs 10-year lease renewal for entire 2nd floor at 1.6-MSF, Class A Midtown office building


NEW YORK, December 9, 2015 — JLL, in conjunction with Edward J. Minskoff Equities Inc., has completed a new, direct transaction with Sprint Communications Co. L.P. at 1166 Avenue of the Americas. The telecommunications company renewed its lease for 39,075 square feet at the Class A, 1.6 million-square-foot office building.

Minskoff was represented by the JLL team of Paul Glickman, vice chairman; Cynthia Wasserberger, managing director; Jonathan Fanuzzi, executive vice president; and Diana Biasotti, senior vice president. The group worked closely with Jeffrey Sussman, executive vice president, at Minskoff. Sprint Communications was represented by Robert Hill, senior vice president, and Timothy Hay, senior associate, of CBRE Inc.

“1166 Avenue of the Americas is a key location for Sprint,” said Glickman. “The telecommunications company’s space at the office tower includes a Sprint Executive Briefing Center, one of four centers that Sprint operates throughout the United States. The EBC allows Sprint to offer tailored briefings and interactive discussions to prospective customers to demonstrate how the telecommunications company can meet their business objectives.”
Sprint Communications inked a 10-year lease renewal for 39,075 square feet and will continue to occupy the entire second floor at 1166 Avenue of the Americas, which is located on Sixth Avenue between West 45th Street and West 46th Street. The building offers convenient proximity to all three major commuting hubs — Grand Central Terminal, Times Square / Port Authority and Penn Station.

Minskoff recently launched a multimillion-dollar capital improvement program at the office tower, retaining Gensler to re-design the lobby, lighting, outdoor canopies and security features. Signature pieces of art that include Roy Lichtenstein’s Modern and Amerind tapestries, and Isamu Noguchi’s Octetra sculpture will be showcased in the building lobby. These new features are slated for completion in mid-2016. Minskoff also enhanced the office property’s telecommunications infrastructure to be listed as Wired Certified Gold with WiredScore.

The 44-story 1166 Avenue of the Americas was designed by Skidmore, Owings & Merrill and constructed in 1974. JLL will initially lease and market approximately 120,000 square feet of space at the building, including the entire third floor, comprising 39,075 square feet; and the entire 20th floor and 21st floor, comprising 40,240 square feet each. Additional blocks of space will become available at 1166 Avenue of the Americas in 2017 and 2021. JLL and Minskoff have collaborated on two other high-profile New York office buildings — 51 Astor Place and 101 Avenue of the Americas — both of which are now 100 percent leased.

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. A Fortune 500 company 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 $57.2 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.