JLL has completed a new, direct transaction for Edward J. Minskoff Equities Inc. at 101 Avenue of the Americas.
DigitalOcean Inc. signed a 10-year lease for 23,458 s/f at the Class A, 428,624 s/f office tower.
The building owner was represented by Paul N. Glickman and Mitchell Konsker, vice chairmen, and Jonathan Fanuzzi, executive vice president, along with Peter Riguardi, president of JLL’s New York tri-state region.
The team worked with Jeffrey Sussman, executive vice president at Edward J. Minskoff Equities. Digital Ocean was represented by Michael Kaufman, of the Kaufman Organization, and Yancy Foster of Yancy Group New York.
“Based on the quality of the asset, the strength of ownership and the recent completion of a major capital renovation program, it is not surprising that 101 Avenue of the Americas is one of the most coveted buildings in Midtown South,” said Glickman.
“In the past 30 days, JLL has leased more than 70,000 s/f at the building, bringing the office tower to approximately 95 percent leased.”
DigitalOcean will occupy the entire 11th floor and a portion of the 10th floor at 101 Avenue of the Americas, which is located between Grand and Watts streets.
The virtual private server provider is relocating to the office tower from its previous location at 270 Lafayette Street.
Previously, JLL inked a 171,761 s/f lease with The New York Genome Center for the second floor through the seventh floor of the building. Other tenants that have recently taken space at the tower include Blue State Digital, Evoke Interactive/Huntsworth Health, Unbound Philanthropy and Regus.
Approximately 20,000 s/f remains available, including a new pre-built suite under construction on the second floor.