SJP Properties Announces New Office Lease with Kent Beatty & Gordon at 11 Times Square

NEW YORK CITY (October 31, 2014) – SJP Properties, one of the New York Metropolitan Area’s most active and respected development companies, today announced it has signed a 6,964-square-foot lease with Kent Beatty & Gordon, LLP (KB&G) 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.

KB&G, an AV® Preeminent™ law firm, specializes in commercial litigation, arbitration, general commercial counseling, transactional representation, corporate, hospitality, real estate, and entertainment law. The firm will relocate its New York offices from 425 Park Avenue, which is slated to be razed. Jesse Rubens, Partner, and Nick Gilman, Managing Director, of MHP Real Estate Services, represented KB&G in the lease. Vice Chairman Paul Glickman and Senior Vice President Dan Turkewitz of JLL, 11 Times Square’s exclusive office leasing agent, represented SJP.

“After almost two decades at 425 Park Avenue, we were dreading the whole relocation process,” said KB&G Partner Michael B. Kent. “Thankfully, dealing with ownership has been a refreshing experience, and we now are extremely excited about our move to 11 Times Square. We are sure our clients will greatly appreciate our new state-of-the-art offices.”

KB&G joins a world-class roster of companies at 11 Times Square that includes Microsoft, e-Marketer, and international law firm Proskauer. This year, SJP announced several new leases at the building, including digital media giant Answers Corporation and law firm Cohen Rabin Stine Schumann. Last year, SJP announced that it had leased the entirety of the building’s retail space to tenants including Bank of America, URBO, Señor Frog’s and Off the Wall Frozen Yogurt.

“We’re very pleased to welcome Kent Beatty & Gordon to 11 Times Square, as we continue to grow our roster of distinguished law firms,” said Steven J. Pozycki, CEO of SJP Properties. “The building offers unrivaled access to the cultural heart of New York City, perfectly situated in one of Manhattan’s main transportation hubs. It’s clear that companies see real value in the ability to operate and grow their businesses in this prime 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.

The building’s location directly across from the Port Authority Bus Terminal, with direct access to numerous subway lines, places it squarely within the foremost transportation hub in Manhattan. The tower also offers convenient access to the numerous signature restaurants, world-class hotels and entertainment and shopping venues that characterize Times Square as an iconic neighborhood.