New owners see flurry of leasing activity at 1330 Avenue

NEW YORK, Feb. 7, 2024 – JLL today announced that it has leased 35,500 square feet of office space at 1330 Avenue of the Americas, where new ownership has unveiled a pre-built campaign designed to meet demand from mid-size office users who are the most active in the current market.

A joint venture of Creed Equities, Hakimian Capital, CH Capital Group and Nassimi Realty, acquired the boutique, 525,000-square-foot Midtown tower in November of 2022. Anchored by Silvercrest Asset Management, Intersystems and Rubenstein Public Relations, it is one of the few boutique office buildings along Sixth Avenue with floorplates ranging from 10,000 to 16,000 square feet.

“1330 Avenue of the Americas is a highly attractive asset in the Sixth Avenue corridor and this leasing velocity highlights the demand among leading midsize occupiers for custom space in highly amenitized properties in prime locations,” said Kevin Nassimi, of Nassimi Realty. “With the unveiling of our newest pre-built offerings, we look forward to welcoming more new tenants to this spectacular asset.”

A JLL leasing team led by Vice Chairman Mitch Konsker, Managing Director Simon Landmann, Senior Vice President Carlee Palmer, and Associate Lance Yasinsky serves as the property’s exclusive agent and has begun marketing the new, fully-furnished pre-built units that range from 4,500 to 16,000 square feet. Ownership has also retained renowned architect MKDA to begin designing a new amenity center that it hopes will open in the building by the end of the year.

Since being retained as agent, JLL has completed five new transactions at the building:

The Bahnsen Group, a wealth management company, relocated from 420 Lexington Ave. to a 4,545-square-foot office on the 31st floor. Cushman & Wakefield’s Sean Hoffman represented the tenant in the 10-year transaction.

The hedge fund Aurelius Capital relocated from 535 Madison to 3,415 square feet on the partial 14th floor. CBRE’s Gary Davies represented the tenant in this three-year deal.

ConvergeOne, a growing global IT services provider backed by Luxembourg-based CVC Capital Partners, will open its first NYC office in 4,540 square feet on the 22nd floor. Cushman & Wakefield’s Mark Lauzon represented the tenant in the five-year deal.

Motion picture and video production services company CF Entertainment signed a renewal for its 16,400-square-foot office located across the entire 9th floor. Paige Engeldrum and Dan Organ of Cushman & Wakefield represented the tenant.

And i80 Group, a specialty finance fund, expanded to 6,609 square feet on the eighth floor in a five-year deal negotiated on their behalf by CBRE’s Hugh McDonald.

Located between 53rd and 54th streets in Midtown Manhattan, 1330 Avenue of the Americas was designed by Emery Roth and built in 1965. A 2007 renovation led by leading architectural firms Gensler and Moed de Armas & Shannon, repositioned the 40-story tower as one of the finest on Corporate Row.

The contemporary glass and steel property features conference and meeting space with a coffee bar and catering facilities, below-grade parking for 250 vehicles, and a bike room. High ceilings and abundant natural light showcase spectacular panoramic views of the Manhattan skyline and Central Park, and the property’s central location is within walking distance of multiple subways and Grand Central Station.

“In 2023, pre-built deals made up a record share of leases – more than 20% of all leases signed in Manhattan,” said Konsker. “With its curated office offerings, hands-on management and central location, 1330 Avenue of the Americas provides in-demand boutique space for companies that recognize the powerful benefits of a superior, well-located property.”

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