Active leasing year at 111 Eighth Ave.During an active 2004, more than 415,000 square feet of space in 111 Eighth Avenue was leased to new, renewing, and expanding tenants, including large blocks of offices to new tenants WebMD, Nike USA, Inc, and Lifetime TV Network, says Andrew Nick, principal and director of asset management for the building's co-owner, Taconic Investment Partners. WebMD took 92,300 square feet on the seventh floor; Nike leased 82,736 square feet on the sixth floor, and Lifetime, 50,004 on the second. In addition, a total of 63,915 square feet of lease renewals and relocations within the building were recorded for such tenants as AT&T and Citibank. Another 53,293 square feet was taken by existing tenants expanding their offices. "111 Eighth Avenue is fast becoming one of the most diverse buildings in Manhattan," says Mr. Nick. "Our tenant roster includes top corporations, advertising giants, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. firms, fashion firms, and TV networks. The Chelsea/ Meatpacking meatpacking or meat-processing, wholesale business of buying and slaughtering animals and then processing and distributing their carcasses to retailers. The livestock industry is among the largest in the world. District has become one of the most desirable neighborhoods for growing companies." Highly sought-after for its extraordinary views, as well as its versatile layouts, unique power, and connectivity, 111 Eighth Avenue attracts media companies and other large users with technology requirements. Other major building tenants include: Deutsch Advertising, Armani AX, DoubleClick, Kmart, Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. , Sprint, Time Warner Telecom Time Warner Telecom NASDAQ: TWTC is headquartered in Littleton, Colorado. The company provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise , barnesandnoble.com and Yamaha. CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) and property manager Taconic Management Company handle the building's leasing. The landlord is a partnership of Taconic Investment Partners, Jamestown and The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Common Retirement System. The former Port Authority Commerce Building, 111 Eighth Avenue is a 16-story, 2.9-millionsquare-foot Class-A office building occupying the entire square block bounded by 15th and 16th Streets, and Eighth and Ninth Avenues. Building features include: 15' ceilings, 10' windows, multiple fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber and telecom providers, renovated lobbies, a newly installed state-of-the-art access control and security system, refurbished elevators, new multi-tenant corridors and bathrooms, extraordinary electric power, a 24-hour parking garage below the building. |
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