A leasing team from Jones Lang LaSalle has credited a fresh campaign and savvy ownership for a 300,000 s/f run of deals at 230 Park Avenue.
In the past few months, ING renewed its lease for 144,000 s/f, Reed Elsevier signed a lease for 71,000 s/f, Clarion Partners renewed its lease for 71,000 s/f, Lee Hecht Harrison took 22,000 s/f, and Cornell University inked a lease for 9,411 s/f at the Class A, 1.4 million-square-foot commercial office building.
The building owners, Monday Properties and Invesco, were represented in all five transactions by Frank Doyle and Paul Glickman, vice chairmen, and Jonathan Fanuzzi and David Kleiner, executive vice presidents, all with JLL, along with Brian Robin, president, and Jordan Berger, director of leasing, with Monday Properties.
“These five deals are a strong testament to the building owners’ ability to attract and retain major New York companies,” said Doyle.
“Monday Properties’ level of sophistication in providing ING and Clarion what they needed going forward was a key component of both renewals. These leases were operationally complex, and Monday, Invesco and JLL built solutions for every need.”
“The long-term strategy that we developed in partnership with ownership has paid off significantly,” said Fanuzzi.
“We constructed a marketing center and devised a new campaign for 230 Park Avenue, and the market has been very receptive to our outreach.
“JLL has completed more than 300,000 square feet in leases at the building in the past six months.”
The 34-story 230 Park Avenue is located between East 45th and East 46th streets and offers full-floor opportunities, both at the base with a 70,000 s/f floor plate and in the tower, which has a 21,000 s/f floor plate.
