SIR Capital Signs Office Lease to Relocate to SJP Properties’ 11 Times Square
Hedge fund taps SJP Project Solutions to manage build-out of new NYC office
NEW YORK CITY – SJP Properties today announced that SIR Capital Management, L.P., a New York-based hedge fund, has signed a lease for 9,348 square feet to relocate its offices to 11 Times Square. SJP developed 11 Times Square and owns the building in partnership with PGIM and Norges Bank.
SIR Capital is exiting its previous office location on the 22nd floor of 620 Eighth Avenue, The New York Times Building, upon its lease expiration in April 2019. At 11 Times Square, SIR will neighbor BT Group, formerly British Telecom, on the building’s 34th floor. Dan Madison and William Levitsky at Newmark Knight Frank represented SIR in the transaction, while building ownership was represented by JLL, the exclusive leasing agent for 11 Times Square, and Zachary Freeman, senior vice president of leasing and marketing at SJP Properties.
“SIR’s move to 11 Times Square allows it to stay within one of Midtown’s most accessible neighborhoods,” said Steven J. Pozycki, CEO of SJP Properties. “Our team looks forward to designing and delivering a modern, state-of-the-art workplace for SIR reflective of its impressive corporate image and clientele.”
SJP Project Solutions, a division of SJP focused on development and construction management for tenants and other owners, will oversee the build-out of SIR’s new space at 11 Times Square, which includes, among other amenities, a private gym for SIR and its employees.
Totaling 1.1 million square feet, 11 Times Square is located at the intersection of Eighth Avenue and 42nd Street, serving as the gateway to Midtown’s flourishing west side. The building boasts a roster of tenants across finance, technology, law and media that includes Proskauer and Microsoft as its anchors. The tower is among the most technologically advanced commercial buildings ever constructed in Manhattan, featuring LEED Platinum-level indoor air quality and a highly efficient glass curtain wall. Positioned for maximum accessibility to public transportation, the building stands across from the Port Authority Bus Terminal and has direct access to the Times Square 42nd Street subway station.
About SJP Properties
Headquartered in New York City, 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 projects, including numerous Class A build-to-suit developments and individual tenant build-outs. Well known for the creation of unparalleled lifestyle-focused developments, SJP’s is committed to meticulous design and engineering development plans that reflect a keen understanding of market demand.
Having sustained an unblemished track record of success, SJP has established relationships with many of the industry’s leading investors and financial institutions, providing unparalleled access to capital. For more information, call 212-335-2200 or visit www.sjpproperties.com.
