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Paramount taps JLL to market Midtown office tower
Paramount Group has hired Jones Lang LaSalle to market its 786,000-square-foot office building at 1325 Avenue of the Americas, the brokerage said today.
The 34-story Class A building, located between West 53rd and West 54th streets, was built in 1989 and has about 222,000 square feet of space available for lease, including one space that measures 120,000 square feet, according to Paramount’s release on the deal. JLL’s Frank Doyle, David Kleiner and Douglas Neye will work on leasing the building.
“There are very few office buildings of this caliber that can offer a better value for space users,” Doyle said in a statement.
The building has a history of entertainment industry tenants, including studio giant Warner Brothers and talent management company William Morris Endeavor, GlobeSt reported. It also has been featured in the sitcom “Seinfeld.” [GlobeSt] –Hiten Samtani