{"id":1004036409,"date":"2012-02-10T05:15:05","date_gmt":"2012-02-10T13:15:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004036409"},"modified":"2022-12-09T02:53:29","modified_gmt":"2022-12-09T10:53:29","slug":"silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\/","title":{"rendered":"Silverstein, CalSTRS Tap JLL for Leasing at 1177 Avenue of the Americas"},"content":{"rendered":"

February 10, 2012<\/strong>
\nBy Nicholas Ziegler, News Editor<\/em>
\n\"\"<\/a><\/p>\n

In order to best take advantage of its trophy property at 1177 Avenue of the Americas in Manhattan, the partnership of Silverstein Properties and California State Teachers\u2019 Retirement System has chosen Jones Lang LaSalle Inc. as its leasing agent for the Class A, 1 million-square-foot office tower. The building, formerly known as the Americas Tower, will undergo a re-development program as part of the leasing efforts.<\/p>\n

Calling the re-development \u201cextensive,\u201d Paul Glickman, a vice chairman with JLL, noted that the building\u2019s tenants draw from a variety of industries and include PricewaterhouseCoopers L.L.P. and The Carlyle Group. The building was completed in 1992 and sits on Sixth Avenue between West 45th and West 46th streets. JLL also noted that approximately 248,479 square feet of office space is available at the property in three separate blocks.<\/p>\n

Silverstein Properties, as per usual, has been in the news for its moves in the New York market. In December, the firm named Martin Burger as its co-CEO<\/a> in order to drive new business outside of home base in the five boroughs. As recently as last month, the developer was also at the center of some debate as to the height of 3 World Trade Center<\/a>, which is currently under construction and active leasing.<\/p>\n

California retirement systems have been making some moves of late; in mid-2011, the California Public Employees Retirement System transferred $570 million of assets to a new management firm<\/a> in order to better manage its portfolio.<\/p>\n

As of 2010, CalSTRS was the largest pension fund in the country and eighth-largest worldwide.<\/p>\n","protected":false},"excerpt":{"rendered":"

In order to best take advantage of its trophy property at 1177 Avenue of the Americas in Manhattan, the partnership of Silverstein Properties and California State Teachers\u2019 Retirement System has chosen Jones Lang LaSalle Inc. as its leasing agent for the Class A, 1 million-square-foot office tower.<\/p>\n","protected":false},"author":1201,"featured_media":1004038821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21781,21808,21742,10,21747],"tags":[],"class_list":["post-1004036409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-corporate-real-estate","category-featured","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"\nSilverstein, CalSTRS Tap JLL for Leasing at 1177 Avenue of the Americas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Silverstein, CalSTRS Tap JLL for Leasing at 1177 Avenue of the Americas\" \/>\n<meta property=\"og:description\" content=\"In order to best take advantage of its trophy property at 1177 Avenue of the Americas in Manhattan, the partnership of Silverstein Properties and California State Teachers\u2019 Retirement System has chosen Jones Lang LaSalle Inc. as its leasing agent for the Class A, 1 million-square-foot office tower.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-10T13:15:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:53:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021012-1177-Ave-of-the-Americas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"651\" \/>\n\t<meta property=\"og:image:height\" content=\"389\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nicholas Ziegler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\\\/\"},\"author\":{\"name\":\"Nicholas Ziegler\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/ff3a837f33daecfcf8978b405eaae20c\"},\"headline\":\"Silverstein, CalSTRS Tap JLL for Leasing at 1177 Avenue of the Americas\",\"datePublished\":\"2012-02-10T13:15:05+00:00\",\"dateModified\":\"2022-12-09T10:53:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\\\/\"},\"wordCount\":271,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/02\\\/021012-1177-Ave-of-the-Americas.jpg\",\"articleSection\":[\"Brokerage\",\"Corporate Real Estate\",\"Featured\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/silverstein-calstrs-tap-jll-for-leasing-at-1177-avenue-of-the-americas\\\/\",\"name\":\"Silverstein, CalSTRS Tap JLL for Leasing at 1177 Avenue of the Americas - 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