JLL has leased 35,918 square feet of office space in a series of transactions at Tower 45, the 458,446-square-foot, Class-A tower located at 120 West 45th Street in Manhattan, on behalf of owner Kamber Management Company.
The flurry of deals coincides with the opening of a brand-new, second-floor amenity center that features state-of-the-art conferencing facilities, a tenant lounge, café and game room with shuffleboard. Designed by MKDA New York, the new amenity center is meeting demand for fresh, modern space where employees can meet, interact and collaborate, while also providing quiet, private space to focus.
Kamber previously refurbished the building’s signature 15-story lobby with an inspired art installation and new integrated destination dispatch elevators with a touchless security system. This summer, ownership will open the upgraded exterior atrium with expanded seating options, a vertical garden that contributes to improved air quality and acoustic filtering, and art and sculpture that sets the space apart.
Steven Levy, President of Kamber Management Company commented, “Kamber continues to lead by investing in our tenants’ comfort and wellbeing with best-in-class building systems, office space and amenities. In 2016, Tower 45 became the first office building in New York to offer the finest air filtration system available, long before the tenants began to demand it. The continued leasing momentum at Tower 45 validates those efforts and we are delighted to welcome these five new tenants and to renew our partnership with two other long-term tenants.”
In the largest of the recent transactions South Korean bank, Nonghyup Bank signed a 10-year lease for 8,194-square-feet of office space on the 19th floor of the property.
Hedge fund Rivulet Capital took 5,397-square-feet on the 27th floor; AECOM Capital, a division of construction giant AECOM, leased 4,214 -square-feet on the 36th floor; hotel real estate lender, owner, and asset manager, Ramsfield Hospitality signed a lease for 2,116-square-feet on the 24th floor; and Swiss-based marine fuel supplier, Minerva Bunkering, leased 3,389-square-feet on the 30th floor.
Meanwhile, global haircare leader, Wella Corp. signed a 10-year renewal for its 10,093-square-feet space across the entire third floor of Tower 45, and Korean securities firm, NH Investment, expanded to 6,310-square-feet on the 24th floor.
A JLL leasing team led by Paul N. Glickman, vice chairman; Diana Biasotti, senior vice president; Kyle Young, vice president; and Kate Roush, associate, represented ownership in all of the transactions. AECOM was represented by Cushman & Wakefield; Minerva Bunkering by Cresa; Wella and Nonghyup Bank by CBRE; Ramsfield Hospitality by broker, Arthur Draznin and; Nonghyup Bank was represented by Cushman & Wakefield.
Tower 45 is home to celebrated steakhouse chain, Bobby Van’s, and steps from the world-famous Times Square bowtie, Bryant Park, Rockefeller Center and Grand Central Terminal. Its central location in the heart of Midtown provides easy access to multiple transportation options in a business district proliferated by major corporations.
Designed by Swanke Hayden Connell Architects and constructed in 1988, the 40-story building has been meticulously upgraded and maintained by Kamber Management Company with features that include the world-class air purification system, AtmosAir™, a tenant-controlled cooling system for individual rooms, state-of-the-art security management and flexible, efficient floor plates with plenty of light and air.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.