SJP leases 32,000 s/f at 11 Times Square

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JLL announced two office leases for a total of 32,112 s/f of space at SJP Properties’ 11 Times Square, the 1.1 million-square-foot, high-performance commercial tower located at the southeast corner of 42nd Street and Eighth Avenue in Manhattan. The leases bring the building to 96 percent occupancy.

Paige, a health tech firm that provides AI based diagnostics for the healthcare industry, signed a 24,412 s/f direct renewal and expansion lease for the partial 37th floor at 11 Times Square after subleasing space in the building.

RLI Corp., a business and personal insurance company, signed a 7,700-s/f lease for the partial 33rd floor. RLI Corp. is relocating from 620 Eighth Avenue.

JLL’s Paul Glickman and Mitchell Konsker, vice chairmen; Daniel Turkewitz, executive managing director; Diana Biasotti, senior vice president; and Kristen Morgan, associate vice president, represented property owner SJP Properties in both transactions.

Paige was represented by Neil Goldmacher, chairman, national tenant representation; and Josh Friedman, executive managing director, with Newmark.

RLI Corp. was represented by Martin Horner, international director and T.J. Hochanadel, executive vice president, with JLL.

Alexander Erdos, SJP Properties’ Senior Vice President — Leasing and Marketing, represented the building owner in-house on both leases.

Among the most technologically advanced commercial buildings ever constructed in Manhattan, the Dan Kaplan-designed 11 Times Square features LEED Platinum-level indoor air quality from an advanced air filtration system; and greater floor-plan flexibility from column-free floorplates. The building’s roster of tenants include Proskauer and Microsoft as its anchors, as well as Kepos Capital, E*TRADE and eMarketer.

“Tenants today demand an optimized workplace that is efficient, sustainable, healthy and convenient for their professionals,” stated Erdos. “11 Times Square is perfectly positioned to meet these exacting requirements, while providing a vibrant, headquarters-quality environment that gets employees excited about coming into the office.”     

“11 Times Square stands out in the market based on the
quality of its construction and infrastructure, as well as its extraordinary
views and easy access to transportation,” Biasotti said. “The property, which
is ideally positioned between Bryant Park and the new West Side, has
demonstrated consistent leasing momentum.”

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