Printer Friendly

JRT signs Fortune 500 firm to full floor in LIC tower.

Nespresso USA, Inc., a division of Nestle Nespresso SA Company and a pioneer in the portioned premium coffee market, has leased 15,380 s/f of premier, Class-A executive office space at Court Square Place in Long Island City, N.Y., announced Jodi Pulice, JRT Realty Group's founder and president.

The Nestle business unit will establish offices for its Relationship Center on the entire 12th floor of the 17-story tower.

JRT Realty serves as exclusive leasing and managing agent for Court Square Place along with strategic alliance partner Cushman & Wakefield. The broker team includes Pulice and Greg Smith, JRT's executive vice president, as well as Cushman & Wakefield's John Peters. United Nations Federal Credit Union (UNFCU), which has its headquarters in Court Square Place, is the owner/developer of the property. John Adams of John Adams Associates represented Nespresso USA, Inc. Transit Technologies, LLC., E.A. Technologies, Inc., recently leased the entire 14th floor of the building.

According to Smith, Court Square Place's strategic location and well-appointed space have enormous appeal to tenants. "The Court Square Place tower offers commanding views of Manhattan, high-tech office space companies need, and amenities employees seek," he noted.

Located at 24-01 44th Road, one block from the Citicorp Tower, Court Square Place includes 274,000 s/f of prime corporate office space. It is the tallest office building in 16 years to rise in Long Island City. UNFCU, New York City's largest credit union, occupies the first seven floors of the building.

Nestle Nespresso, a Fortune 500 company, is one of the fastest growing operating units of the Nestle Group, the world's leading food, beverage, nutrition and wellness company. As a strategic business unit, Nespresso has overall responsibility for research and development, raw materials supplies, production and marketing of its premium coffee products. Headquartered in Switzerland, the company's home and business coffee solutions divisions operate in more than 40 countries worldwide.

JRT Realty Group is the largest woman-owned commercial real estate services firm in the US.
COPYRIGHT 2007 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Comment:JRT signs Fortune 500 firm to full floor in LIC tower.
Publication:Real Estate Weekly
Date:Jul 11, 2007
Words:331
Previous Article:Broad Street Development signs new leases at 370 Lexington Ave.
Next Article:NYU leases Brooklyn building for student housing.
Topics:


Related Articles
Credit Union taps JRT to manage new LI office tower.
Park Ave. amenities without Park rents.
JRT closes 11 deals at 780 Third Ave.
270,000 s/f Court Square office tower opens in LIC.
Panelists address facts and myths of forming strategic alliances.
SL Green considering options at 1 Madison.
Winoker Realty negotiated a seven-year lease for 2,874 s/fon the 49th floor of the Empire State Building, 350 Fifth Ave., for the law firm of William...
Cushman & Wakefield completes leasing at 505 Fifth Ave.
Aragon doubles space with office move.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |