JLL completes 17,000-SF lease at One Vanderbilt in Midtown

NEW YORK, April 29, 2021 — JLL has completed a 17,289-square-foot lease at One Vanderbilt in Midtown Manhattan on behalf of tenant Nearwater Capital. Nearwater Capital will relocate from the Seagram Building at 375 Park Avenue, to the partial 33^rd floor of the new office tower in a seven-year deal.

The recently completed One Vanderbilt, owned by SL Green Realty Corp., features superior design, abundant light and open space, as well as world-class amenities, including dining by Chef Daniel Boulud. The 33^rd floor of the property offers premium office space with floor-to-ceiling windows and flexibility in floor-plan design.

The property is ideally located adjacent to Grand Central terminal in the heart of Midtown Manhattan, with easy access to the city’s top restaurants and neighborhood amenities, such as Bryant Park. One Vanderbilt provides unrivaled access to Grand Central Terminal, with accessibility to the Long Island Railroad in 2022, and close proximity to the city’s other major transportation hubs.

The tenant was represented by Alexander Chudnoff, vice chairman, and Kip Orban, vice president, with JLL.

“One Vanderbilt offers a dynamic workplace experience in one of Manhattan’s most prestigious skyscrapers,” Chudnoff said. “This lease is an early indicator of the growing momentum from companies returning to the office.”

Founded in 2017 by James Peterson, Nearwater Capital is a specialty finance company that provides asset-based financing solutions for two core business lines: Risk Retention Solutions and Liquid Markets. The company has experienced rapid growth and today has assets of over $11 billion. JLL negotiated the company’s first lease in Lever House, and in 2018 represented the company when it moved the company to double the space in 375 Park Avenue, and now moving the company to more than 17,000 square feet in One Vanderbilt.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.