Who Are JLL's New Helmsley Building Five?

National Real Estate Investor just posted a big one for Jones Lang LaSalle: two renewals "and three new, direct transactions, totaling 317,411 square feet of commercial office space, for building owners Monday Properties and Invesco Ltd." at 230 Park Avenue--the iconic gold-topped Helmsley Building between 45th and 46th, the northern face gateway to Grand Central Terminal.

JLL represented the building owners, Monday Properties and Invesco, in five transactions, led by vice chairmen Frank Doyle and Paul Glickman. The release says the deal team included JLL executive vice presidents Jonathan Fanuzzi and David Kleiner, executive vice presidents, and Monday Properties president Brian Robin and the company's leasing director, Jordan Berger.

Here are the deals as per the press release posting:

  • ING US Inc. renewed its lease for 144,000 square feet,
  • Reed Elsevier signed a lease for 71,000 square feet,
  • Clarion Partners LLC renewed its lease for 71,000 square feet,
  • Lee Hecht Harrison agreed to lease 22,000 square feet, and
  • Cornell University leased 9,411 square feet

The release says that the building has a 1.4 million-square-foot commercial office capacity.

Jonathan Fanuzzi discussed Jones Lang's long-term Helmsley Building strategy in the release: “We constructed a marketing center and devised a new campaign for 230 Park Avenue," he said, "and the market has been very receptive to our outreach. JLL has completed more than 300,000 square feet in leases at the building in the past six months.”

You can find the key personnel for the lessees in the press release On National Real Estate Investor, here.

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