Global brand owner to relocate/consolidate into 27,811 square feet of office space at Class A, 682,000-square-foot building
JLL has completed a new transaction for Marquee Brands LLC at 330 West 34th Street with building owner Vornado Realty Trust. The global brand owner, marketing and media company signed a lease for 27,811 square feet of office space at the Class A, 682,000-square-foot commercial office building.
The tenant was represented by Mitchell Konsker and Alexander Chudnoff, vice chairmen; Benjamin Bass, managing director; and Harrison Potter, associate, all with JLL. Building owner Vornado was represented in-house by Josh Glick, senior vice president, and Jared Silverman, vice president.
According to their representatives, Marquee Brands recognized the energy and evolution of the neighborhood, surrounded by the tremendous investment in the Penn Plaza, Hudson Yards and Manhattan West developments. 330 West 34th Street offered a unique opportunity to consolidate Marquee Brand’s offices into a full floor overlooking the redevelopment of Farley Post Office, anchored by two huge terraces on both the north and south side of the floor.
“Marquee Brands engaged us to find a new office for its growing organization following its acquisition of the Martha Stewart and Emeril Lagasse brands. Martha Stewart and Marquee’s home and food division will relocate from 601 West 26th Street and join Marquee on the entire 15th floor,” said Bass. “Given the building’s amenities, outdoor space and dynamic location, the consolidation will allow Marquee Brands to develop a truly one-of-a-kind office, complete with showrooms, production studio, test kitchen and a variety of collaboration areas for all of their brands which include Emeril Lagasse, BCBG, Ben Sherman and many others.”
Vornado’s 330 West 34th Street was designed by Schultze and Weaver, and construction on the 18-story building was completed in 1926. The property is a uniquely situated property at the gateway to major development on the west side of Manhattan. The building owner recently completed a major redevelopment which has made the building a destination for creative class tenants. Features include a modernized lobby, storefront entrance and notable ground floor amenities center and social spaces, such as a large outdoor patio. 330 West 34th Street is the recipient of the BOMA/NY 2015-16 Pinnacle Award for best renovated building.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2017, the New York tri-state team completed approximately 40.9 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $1.6 billion; managed projects valued at $7.9 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 147.8 million square feet.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
