SJP Properties Announces New Office Lease With Global Financial Technology Company ULLink at 11 Times Square

NEW YORK CITY (October 13, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced that global financial technology company Ullink has signed a 14,177-square-foot office lease at 11 Times Square, a state-of-the-art, 1.1 million-square-foot, LEED-Gold-certified office and retail tower. The building is owned by a joint venture of SJP Properties and investors advised by Prudential Real Estate Investors.

With 10 offices worldwide, Ullink is a global provider of market-leading, multi-asset trading technology and infrastructure for buy-side and sell-side market participants. The company will relocate its New York office to 11 Times Square from its current location on Third Avenue in Midtown East. The Newmark Grubb Knight Frank team of Directors Dan Hassett and Josh Gosin represented Ullink in its lease. JLL Vice Chairman Matt Astrachan and Senior Vice President Dan Turkewitz, who are part of the JLL team that serves as the exclusive office lease agent for 11 Times Square, represented SJP in the transaction.

Ullink represents the latest in a long string of technology companies that have relocated to 11 Times Square. In July, SJP announced a full-floor lease with digital media solutions leader Answers, owner of Answers.com. The building is also home to world-renowned technology giants Microsoft and e-Marketer. The tower, located at the intersection of Eighth Avenue and 42nd Street, immediately across from the Port Authority Bus Terminal, has become a destination for a wide variety of companies across the technology, legal and financial services sectors as it reaches 85-percent leased.

“Ullink’s decision to relocate to 11 Times Square is another example of a high-tech company choosing to position itself for continued growth by occupying high-performance, advanced commercial space,” said Steven J. Pozycki, CEO of SJP Properties. “The building offers a rare combination of infrastructural sophistication and access to transportation and culture, all in arguably New York City’s most connected and vibrant location.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall, to its precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, 11 Times Square was developed as Midtown’s most advanced new commercial tower, affording the latest in cutting-edge technology, security and energy-efficiency features.

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.

Situated 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.

In addition to its world-class roster of technology tenants, 11 Times Square is also home to international law firm Proskauer, which occupies approximately 400,000 square feet at the tower. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, URBO, Senor Frog’s and Off the Wall Frozen Yogurt.

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.