BGO’s 757 Third Avenue announces new lease deal with the Consulate General of Portugal, and expanded leases with BMS Group & Endava
JLL represents BGO in three new lease transactions at prestigious Midtown office tower.
New York (January 30, 2024) – BGO and JLL announced the signing of three new lease agreements at 757 Third Avenue, a historic, mid-century office building near Grand Central Terminal in Midtown Manhattan. The Consulate General of Portugal will relocate from 866 2nd Avenue to a brand new 6,673-square-foot MIRO by BGO (Move In Ready Office) suite on the 17th floor under a 12-year lease. BGO also recently completed a renewal and expansion with reinsurance company BMS Group to occupy 13,194 square feet across the entire 16th floor of the property. BMS has expanded from 6,960 square feet on the building’s 22nd floor to a fully bespoke build-to-suit space on the 16th floor. Software company Endava also expanded, relocating from the partial 18th floor to the entire 26th floor, leasing 6,960 square feet in another of BGO’s coveted MIRO units.
Designed by acclaimed architects Emery Roth and Sons and constructed in 1964, the 27-story 757 Third Avenue has EPA Energy Star certification and was one of the first US office buildings to receive Viral Response Approval from Fitwel for mitigating the spread of COVID-19. Its roster of leading occupiers spans the finance, legal, tech, advertising and media industries including Berkley Insurance and Wolfe Research, with Grant Thornton LLP, America’s largest audit, tax, and advisory firm, serving as the anchor tenant.
The property’s institutional ownership, asset managed by BGO, is committed to elevating the property as a first-class offering with single-tenant and multi-tenant floor plates, as well as custom pre-built environments.
“These three new leasing transactions demonstrate the appeal of 757 Third Avenue to tenants seeking amenity-rich offerings and a property management philosophy with an exceptional focus on service,” said Anil Erdem, Managing Director at BGO. “The value of bringing best-in-class design principles through BGO’s MIRO (Move-In-Ready-Office) program underscores the difference we are making with tenants who appreciate a deeper, more committed relationship with landlords who are invested in their success. We pride ourselves on maintaining a premier corporate address for tenants committed to providing a superior environment for their employees.”
“BGO has led the market by offering bespoke, custom office space and truly exceptional amenities. 757 Third Avenue has earned its place among Manhattan’s leading office properties, and we look forward to working with other tenants seeking space in a building designed to inspire creativity and collaboration” said Mitchell L. Konsker, Vice Chairman, JLL.
Tower floors with abundant natural light and sweeping views, and a new state-of-the-art amenity center enhance the tenant experience with spaces optimized for collaboration, social programming, and health and wellness activities. Accessed from the grand staircase in the main lobby and known as The Library, the amenity center was designed with a nod to the thriving publishing and print era of the 1950s and 1960s and pays homage to a mid-century reading room with contemporary offerings including a full kitchen, coffee bar, fitness center, bike room, and event and conference spaces.
JLL is the exclusive leasing agent for 757 Third Avenue with Mitchell L. Konsker, Clark Finney, Simon Landmann, and Lance Yasinsky representing BGO. Cresa’s Bert Rosenblatt represented the Consulate General of Portugal. Cushman & Wakefield’s Stephen Bellwood represented BMS Group and Cresa’s Thomas Sullivan and Nicholas Markel represented Endava.
About BGO
BGO is a leading, global real estate investment management advisor, real estate lender, and a globally recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
For more information, please visit www.bgo.com
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 105,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
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