(The following press release from SJP Properties was received by e-mail.
The sender verified the statement.)
SJP Properties Signs Headquarters Lease With eMarketer at 11 Times Square
Leading Information Resource for Marketers Attracted to Tower’s Strategic
Location and Techno-Advanced, LEED-Certified Office Space
NEW YORK CITY (Feb. 26, 2013) – SJP Properties today announced that
eMarketer, a leading global information resource on digital marketing,
media and commerce, has signed a 53,000-square-foot lease at 11 Times
Square, a new, state-of-the-art, 1.1-million-square-foot,
LEED-Gold-certified office and retail tower in Midtown. The building is
owned by a joint venture of SJP Properties and investors advised by
Prudential Real Estate Investors.
Relocating from Lower Manhattan, eMarketer was attracted to 11 Times
Square’s location and state-of-the-art technology, security and
energy-efficiency features, which combine to create an optimized work
environment that supports enhanced employee productivity.
“We believe a world-class work facility is fundamental to our company
culture and our ability to provide world-class information to clients,”
said eMarketer CEO Terry Chabrowe. “Establishing a new headquarters at 11
Times Square will help us continue to expand our team and meet growing
demand from businesses worldwide looking to better understand the digital
The company will occupy the entirety of floors 12 and 14 at the tower,
establishing its headquarters within Manhattan’s foremost transit hub
location. Situated directly across from the Port Authority’s bus terminal,
11 Times Square features direct subway access to all New York City
destinations, and is only one subway stop from both Penn Station and Grand
"This building continues to attract a diverse base of leading-edge global
companies in search of a modern and strategically located business address
that delivers the advanced technology infrastructure needed to assist them
in maintaining their advantage in today’s competitive marketplace,” stated
Steven J. Pozycki, CEO of SJP Properties. “In particular, eMarketer’s
employees and clients will enjoy superior transportation access to and from
the building, as well as a healthy and energy-efficient office environment
due to 11 Times Square’s LEED-Platinum indoor air quality and
CBRE Executive Vice President Timothy Dempsey, Senior Vice President Roger
Griswold and Senior Associate Greg Maurer-Hollaender represented eMarketer
in the transaction, while Jones Lang LaSalle Vice Chairmen Mitchell Konsker
and Paul Glickman and Senior Vice President Diana Biasotti represented SJP
Properties. Jones Lang LaSalle serves as the exclusive leasing agent for 11
Designed as Midtown’s most advanced new commercial tower, 11 Times Square
was developed using a precedent-setting concrete core construction model
that ensures protection of the building’s critical infrastructure and
overall enhanced safety for tenants. The tower features a highly efficient
glass curtain wall that works to reduce heating and cooling costs
throughout the building.
Located at the intersection of Eighth Avenue and 42nd Street, immediately
north of The New York Times building, 11 Times Square helps to define the
western gateway to the 42nd Street/Times Square business corridor. Since
the mid-‘90s, the neighborhood has been the beneficiary of a significant
migration in the tenant population in Midtown toward Times Square, led by
many of the world’s leading law firms and global financial services
The building’s premier concierge-level services include a high-tech,
state-of-the-art elevator dispatch system that minimizes tenant wait and is
integrated with the building's security system; an advanced visitor
check-in system; a large, secured, fully-efficient loading dock; and a
messenger/mail center and delivery area specifically designed to maximize
ease of use by tenants. The building’s highly efficient office space
features floor-to-ceiling windows and column-free corner offices, as well
as multiple private terraces.
The tower offers convenient access to the numerous signature restaurants,
world-class hotels and entertainment and shopping venues that define Times
Square as an iconic neighborhood.
With eMarketer’s lease, 11 Times Square is more than 70-percent leased to a
world-class roster of tenants that includes leading global law firm
Proskauer, as well as Microsoft, which signed a long-term lease at the
building earlier this year.
About SJP Properties*
SJP Properties is a vertically integrated commercial and residential real
estate developer, investor, asset manager, construction manager and
property manager. The expertise of the company’s core in-house team of
professionals encompasses the entire development process, from site
selection through coordination of tenant move-in for large multi-phase
office complexes as well as for individual tenant build-out projects. The
company is a recognized leader in the development of build-to-suit office
and mixed-use developments on behalf of a long-list of leading
corporations, including Panasonic Corporation of North America, Prudential,
BMW, Sanofi, Tiffany’s, Ingersoll Rand and Bayer. The company’s leadership
has established relationships with many of the industry’s leading investors
and financial institutions, providing unparalleled access to capital.
For 30 years, SJP has sustained an unblemished track record of success,
having completed every project on time and within budget. For more
information, please call 973-299-9117 or visit www.sjpproperties.com.
eMarketer is the authority on digital marketing, media and commerce,
offering insights essential to navigating the changing, competitive and
complex digital environment. By weighing and analyzing information from
different sources, eMarketer provides businesspeople, marketers and
advertisers with the most complete view of digital marketing available.
Press spacebar to pause and continue. Press esc to stop.