HUBB NYC Properties LLC to relocate to 11,655 square feet at Class A, 150,000-square-foot office building

JLL has completed a new, direct transaction with HUBB NYC Properties LLC at 579 Fifth Avenue for building owner Stawski Partners. The real estate investment firm signed for 11,655 square feet at the Class A, 150,000-square-foot commercial office building.

Building owner Stawski Partnerswas represented by Paul Glickman, vice chairman; Diana Biasotti, senior vice president; Benjamin Bass, vice president; and Walter Rooney, associate, all with JLL.The tenant, HUBB NYC Properties, was represented by Joseph Fabrizi, executive vice president, and Michael Affronti, senior associate,with CBRE Inc.

“HUBB NYC Properties was looking for modern office space with a large-enough floor plate to accommodate its entire staff on one floor but had a tight timeframe to complete the transaction and relocate,” said Glickman. “The tenant was particularly attracted by 579 Fifth Avenue’s proximity to Grand Central and the wide range of amenities in the surrounding neighborhood. We worked closely with Stawski Partners to meet the tenant’s real estate needs as well as its timeline for relocation.”

HUBB NYC Properties inked a 10-year lease for 11,655 square feet and will occupy the entire fourth floor at 579 Fifth Avenue, which is located at the intersection of Fifth Avenue and East 47th Street. Thereal estate investment firm is relocating to the building from its previous offices at 130 East 59th Street. HUBB NYC Properties will join Hollis Park Partners, which recently relocated to the 15th floor of 579 Fifth Avenue after signing a lease earlier this year.

Stawski Partners recently completed a capital improvement program at the 17-story 579 Fifth Avenue office building, which was originally designed by Emery Roth & Sons.Kohn Pedersen Fox Associates was engaged to clarify 579 Fifth Avenue’s classic clean lines and refined proportions that now feature a new, white glass spandrel system, a two-story transparent glass storefront, an expanded all marble entrance lobby and upgraded vertical transportation.

Amenities at the newly redesigned building include a first-class concierge-attended lobby, elevator access via a card-key system with video file checking, private terrace setbacks on select upper floors, and advanced telecommunications and life safety systems.

Approximately 53,010 square feet of office space remains available at 579 Fifth Avenue, including the eighth floor and the ninth floor, with floor plates of 11,655 square feet each; the 10th floor, with a floor plate of 11,108 square feet; the 11th floor and 12th floor, with floor plates of 9,887 square feet each; and the 14th floor, with a floor plate of 8,705 square feet.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,300 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2015, the New York tri-state team completed approximately 32.6 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $8.2 billion; managed projects valued at $7.8 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 141 million square feet.

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.