JLL doubles office footprint at 330 Madison Avenue

Global brokerage will now occupy 165,000 square feet at Midtown building

TRD New York /
Jan.January 08, 2020 12:00 PM
JLL CEO Christian Ulbrich and 330 Madison Avenue (Credit: JLL and Steel Institute of New York)

JLL CEO Christian Ulbrich and 330 Madison Avenue (Credit: JLL and Steel Institute of New York)

JLL has doubled its New York office footprint at 330 Madison, six months after merging with HFF.

The global brokerage will now take 165,000 square feet at the 39-story building from floors two to six, according to the New York Post.

Asking rent in the building was close to $70 a square foot. The brokerage represented both its own interest and the landlord.

The lease expansion follows JLL’s $1.8 billion merger with brokerage HFF last July.

“We continue to live cramped and will embark on rebuilding the space,” Peter Riguardi, JLL’s chairman of the New York Tri-state region, told the Post.

Late last year the 852,000-square-foot building was sold by the Abu Dhabi Investment Authority to German insurance firm Munich Re in a deal that valued the 1960s-era building at close to $900 million.

The building was most recently redeveloped by Vornado in 2012 for $121 million. Vornado sold its 25 percent stake to ADIA last year for close to $1,000 a square foot. [NYP] — David Jeans


Related Articles

arrow_forward_ios
Clockwise from left: 168-170 Wythe Avenue, 115 North 6th Street and 129-133 Kent Avenue with L3 Capital's Domenic Lanni (Credit: Google Maps)

L3’s Williamsburg retail properties snag $91M refi

Warner Media CEO John Stankey, Google CEO Sundar Pichai and Facebook CEO mark zuckerberg (Credit: Getty Images, iStock)

Triple-digit office rents, once a rarity, are now a major piece of Manhattan deals

Donald Trump and the Trump Hotel in Washington D.C. (Credit: Getty Images)

Deadline is set for bids on Trump’s DC hotel

LCOR’s Anthony Tortora and the parking lot at 1517 Surf Avenue (Credit: Google Maps and LCOR)

California teachers get in on Coney Island’s redevelopment

Time Out Market at 916 West Fulton Market and Revival Food Hall at 125 S. Clark Street 

Does Chicago still have an appetite for food halls?

Clockwise from left: JLL's Michele Mahl, Savills' Peter Hennessy, Eastdil Secured's Will Silverman, Christie’s Brian Meier, Nest Seekers' Mike Fabbri and Compass' Charlie Attias 

These were the biggest broker comings and goings of 2019

(Illustration by Oivind Hovland)

Why HFF has been muscling out some of JLL’s top producers

JLL CEO Christian Ulbrich (Credit: iStock)

JLL revenue skyrockets after HFF merger

arrow_forward_ios
Loading...