Ducera Partners, an investment bank, has signed a 10-year lease for 29,089 s/f on the entire 36th floor of 11 Times Square. The 1.1 million-s/f commercial tower, owned by SJP Properties, is located at the southeast corner of 42nd Street and Eighth Avenue.
The owner said Ducera Partners is moving to 11 Times Square because of the building’s modern infrastructure, views, customizable layouts that are free of columns, and proximity to transportation hubs.
“We are pleased to be relocating the headquarters of our firm to 11 Times Square. The building offers leading infrastructure and technology coupled with remarkable views of New York City,” said Michael Kramer, CEO of Ducera Partners. “The modern office layout and amenities will support our collaborative work environment, long-term growth, and ability to deliver world-class financial advisory services to our clients.”
John Nugent of CBRE represented Ducera Partners in the transaction, while Freeman and Paul Glickman, Dan Turkewitz, and Kristen Morgan of JLL represented SJP Properties.
11 Times Square’s tenants include Proskauer and Microsoft as its anchors. It features LEED Platinum-level indoor air quality and an efficient glass curtain wall.