SJP Properties Signs Office Leases With E-Trade, Synechron At Eleven | X

NEW YORK CITY – SJP Properties today announced that it has signed office lease agreements with E-Trade and digital business consulting and information technology company Synechron, Inc. at Eleven | X. Situated at the gateway to Manhattan’s new West Side, the state-of-the-art, 1.1 million-square-foot LEED-Gold-certified office and retail tower is owned by SJP Properties in partnership with PGIM and Norges Bank.

E-Trade will relocate its headquarters to 31,234 square feet at Eleven | X during summer 2017. A pioneer in the online stock brokerage industry, the publicly traded company employs more than 3,400 people and maintains more than 30 retail branches across the U.S.

Synechron, which provides information technology services to the financial services industry, will occupy 11,831 square feet for in the tower. The move is the latest expansion for the New York-based company, which employs more than 6,000 workers in offices around the United States and the world.

E-Trade was represented in its lease by Mark Ravesloot, Scott Sloves, Michael Wellen, Zachary Weil and Elaine Armstrong of CBRE, while SJP was represented by the JLL team of Paul Glickman, Mitchell Konsker and Dan Turkewitz. Synechron was represented in its lease by Michael Tesser and Sheena Gohill of Colliers, with Glickman, Konsker and Diana Biasotti, also of JLL, representing SJP in the transaction.

JLL is the exclusive office leasing agent for Eleven | X.

Strategically located in a transportation hub at the intersection of Eighth Avenue and 42nd Street, Eleven | X is among the most technologically advanced buildings ever built in Manhattan. Upon its completion in 2009, the tower was 40-percent pre-leased to global law firm Proskauer, which took occupancy of its space the day the tower opened. The building is anchored by Proskauer and Microsoft, in addition to housing an illustrious and diverse roster of tenants across the financial, technology, legal, and media industries, serving as a testament to its broad tenant appeal.

“We are thrilled to welcome E-Trade and Synechron as the latest tenants in our world-class tower at Eleven | X,” commented Steve Pozycki, Founder and CEO of SJP Properties. “As fast-growing, pioneering names in the global financial industry, both companies stand to benefit considerably from the optimal work environment and unparalleled location advantages that this tower affords.”

From its LEED Platinum-level indoor air quality and highly efficient glass curtain wall to its innovative and precedent-setting concrete core construction that protects the building’s critical infrastructure and provides enhanced safety, Eleven | X affords 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, Eleven | X 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 the West Side of Manhattan.

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.

 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. SJP 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 212-335-2200 or visit www.sjpproperties.com.