Skip Ribbon Commands
Skip to main content

News release

NEW YORK

JLL Inks 5 Leases at 1450 Broadway for The Zar Group

Space users sign 2 renewals, 3 new transactions, for total of 45,909 square feet, at 42-story office building


NEW YORK, January 9, 2016 — JLL has completed two renewals and three new transactions, totaling 45,909 square feet, at 1450 Broadway in the past year for building owner The Zar Group. BCBG Max Azria Group LLC completed a 27,660-square-foot renewal and Nederlander Television and Film Productions Inc. signed a 5,333-square-foot renewal. The new transactions include Authentic Lifestyle Products LLC taking 6,380 square feet, AcadiaSoft Inc. signing for 3,808 square feet and Fujitsu General America Inc. leasing 2,728 square feet at 42-story office building.

The building owner was represented by Mitchell Konsker, vice chairman; Barbara Winter, managing director; Benjamin Bass, vice president; and Kip Orban, associate, all with JLL. The team worked closely with Bobby Zar, principal, and Noah Kaufman, managing director, with The Zar Group.

"Tenants from diverse industries continue to be attracted by the top-notch office space at 1450 Broadway as well as the property's excellent location," said Zar. "We recently completed a multi-million dollar capital improvement program that includes a new, modern lobby and entry designed by Moed de Armas & Shannon, along with new building systems. Our new and returning tenants have all been enchanted by the beautiful prebuilds, terraces and great city views at 1450 Broadway, as well as the building's proximity to mass transportation. We have also added exciting dining options by bringing in new retailers, including Chop't and Sushirrito."

BCBG Max Azria Group signed a 10-year lease renewal for 27,660 square feet of office space and will continue to occupy the entire 16th floor and 17th floor at 1450 Broadway, which is located between West 40th and West 41st streets. The fashion designer was represented by Richard Bernstein, executive vice chairman, and Jordan Weiss, director, with Cushman & Wakefield Inc.

Nederlander Television and Film Productions completed a five-year lease renewal for 5,333 square feet and will continue to occupy a portion of the 20th floor at the building. The producer of award-winning programs for cable and network television was represented by Brent Ozarowski, executive managing director, with Newmark Grubb Knight Frank.

Authentic Lifestyle Products inked a seven-year lease for 6,380 square feet and will house executive offices and showroom space on a portion of the sixth floor at 1450 Broadway. The apparel retailer is relocating to the building from its previous offices at 1431 Broadway. The tenant was represented by Jack Senior, Alexander Schwartz and Joseph Shalom, principals, with Hudson Real Estate Partners.

AcadiaSoft Inc. signed a five-year lease for 3,808 square feet and will occupy a portion of the seventh floor at the building. The firm, which provides margin automation solutions for counterparties engaged in collateral exchange worldwide, is relocating to 1450 Broadway from its previous offices at 12 West 37th Street. The tenant was represented by Gabe Marans, managing director, with Savills Studley Inc.

Fujitsu General America Inc. completed a five-year lease for 2,728 square feet and will occupy the entire 42nd floor at 1450 Broadway for use as offices and showroom space. The global provider of cooling and heating systems is opening a new office at the building. The tenant was represented by Yumi Kajie, real estate salesperson, with ICS America Co. Ltd.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,300 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2015, the New York tri-state team completed approximately 32.6 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $8.2 billion; managed projects valued at $7.8 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 141 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. JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 70,000. On behalf of its clients, the company provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 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.