JLL represents landlord in leases with global pharma giant, alternative investment leader to kick off 2023
JLL has completed two leases totaling 32,293 square feet on behalf of Property & Building Corporation Ltd. (PBC) at 452 Fifth Ave., the 30-story trophy glass tower located steps from Bryant Park in Midtown Manhattan.
The pharmaceutical corporation, Novartis, has leased the entire 15,865-square-foot 12th floor for its first New York City office. Alternative investment firm, HBK Capital Management, has leased the entire 16,428-square-foot22nd floor in a relocation from 1 Bryant Park.
A JLL leasing team led by vice chairman Paul Glickman, executive managing director Ben Bass, vice president Kristen Morgan and associate Kate Roush serves as exclusive agent for 452 Fifth Ave. Novartis, Inc. was represented by CBRE’s David Stockel and Christopher Menard. HBK was represented by Silvio Petrillo and Tamika Kramer, also of CBRE.
“We are thrilled to welcome Novartis and HBK Capital Management to the tower of 452 Fifth Ave,” said Glickman.“The building affords full floor tenants the unique opportunity to enjoy incredible light and views, modern infrastructure, as well as direct access to Bryant Park.”
Located at the crossroads of Fifth Avenue and Bryant Park overlooking New York Public Library, 452 Fifth Ave. features two private elevators for senior executives and a roster of high-profile tenants that includes the law firm Baker & McKenzie, Lombard Odier and Varadero Capital. The building’s central location offers convenient access to multiple transportation options, including Grand Central Station and the Metro North Railroad, the Times Square subway network, and Penn Station and the Port Authority Bus Terminal, which are both a short walk away.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.
About PBC
Property and Building Corporation (PBC), the real estate arm of DIC Group, is one of the largest real estate companies in Israel, operating domestically and abroad in the field of income producing properties and residential construction. For more information visit www.dic.co.il and www.pbc.co.il
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visitjll.com
