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JRT announces 11 leases at 780 third Ave. tower.

JRT Realty Group, Inc., has announced 11 lease agreements totaling approximately 60,000 s/f of executive office space at 780 Third Ave., in midtown Manhattan.

JRT Realty Group, along with its strategic partner, Cushman & Wakefield, serves as the exclusive leasing and managing agent of the building, which is owned by national financial services organization TIAA-CREF.

The most recent lease agreements were negotiated on behalf of Axiom Capital Management (4,072 s/f); BenefitStreet, Inc. (2,515 s/f); Coview Capital, Inc. (1,940 s/f); Dematteo, Monness, LLC (10,075 s/f); Fiderion Group, Inc. (4,681 s/f); Gottex Fund Management (4,541 s/f); Lincolnshire Management (16,078 s/f); Mitsui & Company (3,765 s/f); Penn Mutual Life Insurance Company (2,961 s/f); Suez USA, Inc. (2,897 s/f); and World Wrestling Entertainment (6,450 s/f).

"The 780 Third Ave. building continues to attract a wide range of tenants in the financial, insurance and entertainment industries that are seeking to establish executive offices in midtown Manhattan," explained Greg Smith, executive vice president of JRT Realty.

"Tenants value its award-winning design, benchmark for building management and tenant service and unique amenities."

Situated at the intersection of 49th Street and Third Avenue, 780 Third Ave. is a 50-story, 570-foot high-rise tower in Manhattan's Grand Central District. Set back to accommodate a large urban plaza featuring professionally landscaped trees, the building has a polished granite exterior. Amenities include a 154-seat business conference center, available to tenants at no charge; concierge services; covered parking; restaurant dining; and the latest in business communications technology. Grand Central Station, the Waldorf Astoria and United Nations are just blocks away.

"Many of today's corporations are seeking customized work environments, which are virtually limitless in this building due to its column-free floor plates," added Smith, who noted opportunities for occupancy range from 1,500 to 10,000 s/f.
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Publication:Real Estate Weekly
Date:Jan 11, 2006
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