Personal fairness agency Incline Fairness Companions has signed a 14,198-square-foot lease at 101 Park Ave., HJ Kalikow & Co. LLC’s Midtown Manhattan tower.
Incline Fairness’s new area on the workplace constructing shall be on the forty seventh flooring, along with the prevailing 18,000-square-foot lease on the forty sixth flooring. The corporate relocated to 101 Park Ave. in 2023, doubling its earlier workplace area at 505 Fifth Ave.
JLL’s Vice Chairman Alexander Chudnoff, Senior Managing Director Nick Francic, Vice Chairman Harrison Potter and Senior Affiliate Kate Roush labored on behalf of the tenant, whereas Cushman & Wakefield’s Government Vice Chairman John Cefaly and Managing Director Nicholas Dysenchuk represented the possession within the transaction.
HJ Kalikow & Co. has owned and operated the property because it was in-built 1982. The Manhattan tower is at the moment the topic of a $365 million 10-year fixed-rate mortgage originated by Financial institution of America in 2018, in accordance with CommercialEdge data.
49 tales above Manhattan
The Class A, LEED Gold-certified property consists of 1.3 million sq. ft of area throughout 49 tales. The constructing contains a five-story foyer entrance, in addition to 30,000 sq. ft of retail area and a 17,000-square-foot, two-story museum. Facilities embody full-time concierge companies, Membership 101, a eating membership, a enterprise and leisure venue and a tech-enabled company occasion area. Federal Residence Mortgage Financial institution of New York, Fox Rothschild LLP, Morgan Lewis and Hound Companions LLC are among the many property’s tenants.
Positioned on the nook of fortieth Road and Park Avenue, the workplace tower is lower than 1 mile from the Grand Central – forty second Road subway station, Bryant Park and Occasions Sq..
Earlier this week, JLL and Colliers brokered a significant workplace lease at 1166 Avenue of the Americas in Manhattan. The Federal Deposit Insurance coverage Corp. signed a 10-year settlement to occupy 147,543 sq. ft at Edward J. Minskoff Equities’ property.
