NEW YORK, November 4, 2009 — Jones Lang LaSalle has completed three new direct leases totaling 12,365 square feet for CWCapital Asset Management at 1330 Avenue of the Americas. Advanced Portfolio Management signed for 4,485 square feet, Robert Wood Johnson Foundation took 4,705 square feet and Beacon Light Capital L.L.C. leased 3,175 square feet at the 534,222-square-foot office building.

 

CWCapital Asset Management was represented by Frank Doyle, international director, Cynthia Wasserberger, managing director, and David Kleiner, senior vice president, all with Jones Lang LaSalle’s New York office. Advanced Portfolio Management was represented by Jeffrey Kilimnick, senior vice president, and Bernard Weitzman, first vice president, with CB Richard Ellis Inc. Robert Wood Johnson Foundation was represented by Gordon Ogden, principal, with Byrnam Wood L.L.C. Beacon Light Capital was represented by Benjamin Friedland, senior vice president, and Michael Movshovich, associate, with CB Richard Ellis.

 

“This building is the pre-eminent boutique office property on Sixth Avenue,” said Doyle. “All three tenants took advantage of a unique opportunity to obtain top-quality office space with terrific views of Central Park from the upper floors and the Sixth Avenue streetscape from the lower floors.”

 

Advanced Portfolio Management signed a 10-year lease and will occupy a portion of the 36th floor at 1330 Avenue of the Americas. Robert Wood Johnson Foundation inked a 10-year lease and will occupy a portion of the sixth floor. Beacon Light Capital, which will also occupy a portion of the sixth floor, signed a three-year lease.

 

The 40-story, Class A boutique office building, which was constructed in 1965, is located in Manhattan on Sixth Avenue between West 53rd and West 54th streets. Existing office tenants at the building include Pearson, Harry Winston, Silvercrest Asset Management Group, and Stein Roe Investment Counsel L.L.C.

 

About CWCapital Asset Management

 

CWCapital Asset Management (CWCAM) is one of the industry’s premier special servicers. A member of the CW Financial Services (CWFS) vertically integrated family of companies, which also includes CWCapital Investments and CWCapital, CWCAM is currently named as special servicer for CMBS transactions backed by $174 billion of multifamily and commercial loans representing approximately 14,000 mortgage loans. CWCAM also performs special servicing duties on mezzanine loans and B Notes, acts as special servicer for CDO issuances, and performs third party special servicing for non-affiliated subordinated CMBS purchasers.

 

CWFS employs approximately 300 employees located in 12 offices nationwide. For more information, visit www.cwcapital.com.

 

 

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide. In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For further information, please visit our Web site, www.joneslanglasalle.com.

 

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