JLL has completed a new transaction at 330 Madison Avenue with building owner Munich Re Group.
The global real estate services firm signed a lease for a total of 150,000 s/f of space in the Class A, 850,000 s/f office building.
JLL, was represented in-house by Peter Riguardi, chairman and president of the New York tri-state region.
The building owner, Munich Re Group, was represented by Frank Doyle, chairman; Dave Kleiner, executive managing director; and Clark Finney, managing director, all with JLL.
“JLL’s success in New York has increased our need for quality talent, and we continue to grow and expand to attract and retain the best in the industry,” said Riguardi.
“330 Madison has been an excellent location for us. Our ability to expand in the building and redesign our space will give us the ability to continue to efficiently grow and increase our operations here.” JLL signed a 10-year lease for 150,000 s/f of space and will occupy a portion of the second floor, the entire third, fourth and fifth floors, and a portion of the sixth floor at 330 Madison Avenue, which is located between East 42nd and East 43rd streets.
The real estate services firm is substantially expanding its footprint, having occupied 82,000 s/f at the building since early 2011. The 39-story 330 Madison Avenue was designed by Ely Jacques Kahn, one of the fathers of the New York City skyline, and constructed in 1963.
The building was renovated in 2012, including a new glass curtainwall façade, lobby, and updated systems.
The also enhanced the property’s infrastructure to meet U.S. Green Building Council standards for Leadership in Energy and Environmental Design Gold Certification for Existing Building Operations and Maintenance.