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Minskoff leases 120,000 s/f at 1166 Avenue of the Americas

Edward J. Minskoff Equities Inc. and JLL announced two leasing transactions for a total of 120,000 s/f of space at 1166 Avenue of the Americas.

William Blair has completed an extension and expansion for 80,000 s/f, while Ryan Specialty Group has signed for 40,000 square feet.

With the completion of this transaction, JLL has leased more than 240,000 square feet of space in the last 12 months in the 1.6 million-square-foot office tower.

William Blair, a global investment banking, investment management, and private wealth management company, extended its lease for 40,240 s/f on the full 20th floor of the building and expanded to an additional 40,240 s/f of space on the full 19th Floor. Ryan Specialty Group, an international specialty insurance organization, is relocating from 1345 Avenue of the Americas to 40,240 s/f of space on the entire 18th floor of 1166 Avenue of the Americas.

Minskoff recently completed a 12,000 s/f, multi-purpose conference center on the 12th floor of the building. This follows a redesign by Gensler of the building’s lobby, lighting, outdoor canopies and security features. The recently completed lobby showcases signature works of art, including tapestries by Roy Lichtenstein, sculptures by KAWS and Tom Otterness, paintings by Yayoi Kusama and Harmony Korine, and a monument model by Claes Oldenburg and Coosje van Bruggen. The lobby renovation recently received the Landlord Architectural Achievement award from the Avenue of the Americas Association. Minskoff also has enhanced the office property’s telecommunications infrastructure to be listed as Wired Certified Gold with WiredScore.

Minskoff was represented in the transactions by the JLL team of Paul N Glickman, vice chairman; Jonathan Fanuzzi, managing director; Cynthia Wasserberger, vice chairman; and Diana Biasotti, senior vice president; Jeffrey Sussman, executive vice president, led the leasing effort in-house for Minskoff.

William Blair was represented by Silvio Petriello and Ben Friedland, vice chairmen; Ramneek Rikhy, senior vice president; Joseph Fabrizi, executive vice president, and Cara Chayet, first vice president, with CBRE. Ryan Specialty Group was represented by Gabe Marans, executive managing director; Robert Sevim, vice chairman, and Adam Southard, managing director, with Savills.

EDWARD MINSKOFF

“These leases demonstrate the continued appeal of top-quality space in ideally located Midtown properties,” said Edward J. Minskoff. “The recent renovation of the property, featuring extensive amenities and expanded services, provides an ideal environment for tenants seeking to attract and retain talent.”

“The comprehensive renovation of 1166 Avenue of the Americas, and the extraordinary artwork that Minskoff has curated within the building, distinguish this property as a leading Midtown office destination,” said Glickman. “The leases highlight the renewed momentum in the Midtown office market.”

“Superior Class-A space with exceptional ownership has enduring appeal to discriminating tenants,” said Fanuzzi. “This property provides a powerful experience to tenants and visitors from the moment they enter the expansive lobby.”

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