JLL arranges 18,000-square-foot lease for Incline Equity Partners
JLL has arranged an 18,000-square-foot lease for growing private equity firm Incline Equity Partners at 101 Park Ave., the iconic 49-story office tower located at the corner of 40th Street and Park Avenue in Midtown Manhattan.
Incline Equity Partners will nearly double its footprint in a relocation from 505 Fifth Ave. to occupy a custom office space on the partial 46th floor of the property owned by H. J. Kalikow & Co.
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in manufacturing, distribution and business services companies.
JLL vice chairman Alexander Chudnoff and associates Harrison Potter and Kate Roush represented Incline Equity Partners in its relocation and expansion. Cushman & Wakefield executive vice chairman John Cefaly and managing director Nicholas Dysenchuk represented ownership.
“We have been fortunate to partner with Incline as they first established their New York office at 100 Park Avenue, then doubled in size to 505 Fifth Avenue, and now to their new home in 101 Park Avenue,” said Chudnoff. “It is rewarding to help them now secure extraordinary space in one of Midtown’s leading office towers for the next stage of their growth.”
Owned and operated by H. J. Kalikow since it was built in 1982, 101 Park Ave. is ranked among the city’s premier office buildings. Offering 1.3M square feet of Class A Grand Central office space, as well as 30,000squarefeet of retail space that includes a bank and full-service newsstand, the building’s amenities feature Club 101, a dining club, business and entertainment venue, and Convene, a tech-enabled corporate event space. A five-story lobby entrance is manned by a full-time concierge and white-glove elevator attendants,and the property is outfitted with an emergency generator, 24 passenger elevators, a four-bay loading dock and parking garage.
Kathryn H. Kalikow of the Kalikow Organization stated, “Incline Equity Partners is a growing company and we’re thrilled it has decided to call 101 Park Avenue home. It’s no surprise they’ve chosen this building. We’re in the heart of midtown, steps away from Grand Central Madison/East Side Access. We have an impressive tenant roster, and Incline Equity Partners will enjoy all of the superior services and amenities of our trophy property.”
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 H.J. Kalikow & Co.
For over 100 years and three generations, HJ Kalikow & Co has been recognized as a leader in superior real estate development, ownership, management and construction. At the foundation of its success is an unwavering commitment to tenants, properties and communities — to excellence.
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
