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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.
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Comment:JRT signs Fortune 500 firm to full floor in LIC tower.
Publication:Real Estate Weekly
Date:Jul 11, 2007
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