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News release

NEW YORK

JLL Secures Total of 305,000 SF in Leases for Minskoff at 1166 Avenue of the Americas


NEW YORK, May 12, 2017 — Edward J. Minskoff Equities Inc. and JLL have announced a 32,509-square-foot lease with Huron Consulting Group Inc. at 1166 Avenue of the Americas. With the completion of this lease, Minskoff and JLL have leased a total of 305,000 square feet of space in the building in 18 months.

Huron, a global professional services firm, signed a 32,509-square-foot lease for a portion of the third floor in the Class A, 1.6 million-square-foot office building between West 45th Street and West 46th Street in Manhattan.

"We are pleased to welcome Huron Consulting Group, a publicly traded international consulting firm, to the building," said Edward J. Minskoff. "The company joins a roster of prestigious tenants in a newly reinvigorated building."

Minskoff was represented by the JLL team of Paul N. 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. Huron was represented by Ken Rapp, vice chairman; Ramsey Feher, first vice president; Lisa Konieczka, executive vice president; and Bill Sheehy, senior vice president, all with CBRE.

"Minskoff has recently completed a comprehensive repositioning project at 1166 Avenue of the Americas," said Glickman. "Tenants in the building benefit from a magnificent new lobby, extraordinary artwork and an ideal location close to Bryant Park, Rockefeller Center and to all major commuting hubs."

JLL has served as exclusive leasing agent for the property, leading the repositioning and leasing effort for Minskoff as the company implemented a multimillion-dollar capital improvement program. Gensler was engaged to re-design the building's lobby, lighting, outdoor canopies and security features. The recently completed lobby now showcases signature pieces of art, including Roy Lichtenstein's "Modern Tapestry" and "Amerind Landscape" tapestries, and Kaws's "Along the Way" sculpture. Minskoff also has enhanced the office property's telecommunications infrastructure to be listed as Wired Certified Gold with WiredScore.

Recent leases at the property include a 195,000-square-foot lease renewal for global investment and technology firm D.E. Shaw & Co., L.P.; a 39,000-square-foot lease for technology and services company Arcesium LLC; and a 39,000-square-foot lease for telecommunications leader Sprint. JLL is leasing and marketing approximately 80,000 square feet of space on the entire 20th floor and 21st floor (comprised of 40,240 square feet each) of the building.

1166 Avenue of the Americas, a 44-story, center-core building with remarkable light and views, offers floor plates of 40,000 square feet in a neighborhood that appeals to companies from a host of sectors, including TAMI, financial services, technology, social media, fashion/apparel and entertainment. The building was designed by Skidmore, Owings & Merrill and constructed in 1974.

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 leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.