72,000 s/f in done deals at 780 Third Avenue

Real Estate Weekly, March 23, 2005

JRT Realty Group, a strategic alliance partner with Cushman & Wakefield, announced the completion of seven new leases and four renewals totaling more than 72,000 square feet (sf), at 780 Third Avenue, a 487,501 sf, Class A office property.

Jodi Pulice and Greg Smith of JRT Realty Group in New York, serve as exclusive leasing agent to building ownership, Teachers Insurance and Annuity Association (TIAA-CREF). The team worked together with Diana Biasotti and Patricia Forero of Cushman & Wakefield Strategic Agency Services to negotiate the following transactions on behalf of the landlord:

CREA, LLC leased 1,763 sf of retail space and will open a new Wine bar/restaurant at the building. Kim Mogull of Kim Mogull Real Estate represented the tenant;

HDG Mansur Capital Group leased 9,825 sf on the entire 27th floor of the building. David Rosenbloom of Cushman & Wakefield represented the tenant;

Axiom Capital Management, Inc. leased 10, 075 on the entire 43rd floor and an additional 3,290 sf on the 3rd floor. Michael Monahan and Bill Iacovelli of CBRE represented the tenant; Ospraie Management, LP leased over 6,000 sf and was represented by John Wheeler of Trammell Crow Company;

Global Foundation for Democracy & Development leased 2,932 sf and was represented by Ruth Furst of Premier Partners;

Nexstar Capital Partners, LLC leased 1,585 sf and was represented by Michael Liss of Trammell Crow;

Lieff Cabraser Heinmann & Bernstein, LLP leased 10,075 RSF and was represented by Drew O'Malley of Trammell Crow

In addition, several renewals were transacted.

JRT Realty Group, Inc., has conducted an aggressive leasing campaign at 780 Third Avenue on behalf of TIAA-CREF for the last six years.

Jodi Pulice, president of JRT said, "The decision by these companies to lease space at 780 Third Avenue, is indicative of ownership's strength in attracting an upscale office tenant roster of small to mid-size professional services, financial services and law firms because of the favorable rents and ideal location, as well as ownership's flexibility to accommodate future growth."