3i Debt Management Leases Full Floor at One Grand Central Place; Johnson Controls Expands
3i Debt Management has leased an entire tower floor at One Grand Central Place, announces Empire State Realty Trust, Inc. (NYSE:ESRT) (“ESRT”), a leading real estate investment trust with office and retail properties in Manhattan and the greater New York metropolitan area.
In addition, Johnson Controls, Inc. (NYSE:JCI) has expanded its existing occupancy by leasing the entire 29th floor of the building.
3i Debt Management’s space on the 41st floor, which will house the firm’s U.S. headquarters, encompasses approximately 12,000 square feet and features panoramic cityscape views. 3i is a leading international investor focused on mid-market private equity, infrastructure and debt management across Europe, Asia and the Americas. The firm previously was at 400 Madison Avenue and the Seagram Building.
Alex Chudnoff and Daniel Turkewitz of Jones Lang LaSalle represented 3i in the lease negotiations.
Meanwhile, JCI, a global diversified technology and industrial firm with customers in more than 150 countries and over 170,000 employees, has renewed and expanded into approximately 17,000 square feet. The firm has been a tenant of One Grand Central Placesince 2004.
Thomas Pulie of USI Real Estate Brokerage Services represented JCI in the lease negotiations.
William Cohen and Julie Christiano of Newmark Grubb Knight Frank and Ryan Kass of ESRT represented the landlord in both transactions.
“One Grand Central Place continues to attract and retain top tenants, from major corporations to financial firms, and 3i’s new lease and JCI’s renewal and expansion are great examples,” says Thomas P. Durels, ESRT’s Executive Vice President, Chief of Property Operations and Leasing. “Its unparalleled location with convenient in-building access to Grand Central Terminal, broad variety of spaces and floorplates, on-site amenities, and distinctive architecture appeal to quality tenants such as Allianz, Balfour Beatty Infrastructure Partners and Gerson Lehrman Group, who all signed in 2013.”
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE:ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the world’s most famous office building. Headquartered in New York, New York, the Company’s office and retail portfolio covers 8.4 million rentable square feet, as of September 30, 2013, consisting of 7.8 million rentable square feet in 12 office properties, including seven in Manhattan, three in Fairfield County, Connecticut and two in Westchester County, New York; and approximately 645,000 rentable square feet in the retail portfolio. The Company also owns land at the Stamford, Connecticut Transportation Center that supports the development of an approximately 380,000 rentable square foot office building and garage and has an option to acquire two additional Manhattan office properties encompassing approximately 1.5 million rentable square feet of office space and over 150,000 rentable square feet of retail space at the base of the buildings.
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