Leading technology law firm takes 44,718 square feet at Class A, 727,000-SF office building in New York

JLL has completed a 15-year lease for 44,718 square feet of office space with Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP for Global Holdings Management Group’s NOMAD TOWER, 1250 Broadway, in New York.

Gunderson Dettmer, a leading international law firm, will relocate from 220 West 42nd Street to occupy 44,718 square feet of space on three full floors, including the 20th through the 22nd floors.

NOMAD Tower was represented by Paul N. Glickman and Mitchell Konsker, vice chairmen; Benjamin Bass, managing director; Diana L. Biasotti, senior vice president; and Harley Dalton, vice president, with JLL. Craig Panzirer, senior vice president and director of leasing, represented Global Holdings Management Group in-house. Gunderson Dettmer was represented by John Mambrino, vice chairman; and Nick Farmakis, senior managing director, both with Savills Inc.

“NOMAD TOWER has attracted tenants from a variety of sectors in recent months and offers an ideal environment for a dynamic law firm like Gunderson Dettmer,” Glickman said. “The tower’s extraordinary new lobby and amenity lounge are now opening, providing tenants with a powerful experience that supports their office culture and complements the vibrant neighborhood.”

Gunderson Dettmer is the third tenant to sign a major lease at the building under the ownership of Global Holdings, which purchased the property in 2016. Zillow Group leased 130,000 square feet in late 2018, and Transperfect closed a lease for 123,000 square feet of space in February 2019.

Global Holdings is now completing a major, $50-plus million capital improvement campaign and repositioning ef a two-story amphitheater with seating for nearly 100 people and a multi-faceted, tenant-only amenity lounge. The theme “Love Your Workplace” is behind the building improvements, including the extensive amenity options.

The remarkable growth of hotel, retail, residential and office developments throughout the NoMad neighborhood has positioned the area and NOMAD TOWER as a leading destination in New York. The property is located within two blocks of twelve subway lines including the 1-2-3-B-D-F-M-N-Q-R-W-6, direct access to the PATH, walking distance to Grand Central and Metro-North, and is within one block of Penn Station and the LIRR, Amtrak, NJ Transit and more. NOMAD TOWER is the only full-service Class-A tower of its size in the Midtown South/NoMad market.

Built in 1968 and designed by architects Shreve Lamb & Harmon, the 39-story NOMAD TOWER stands out in the Midtown South submarket with unobstructed, 360-degree views on

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2017, the New York tri-state team completed approximately 40.9 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $1.6 billion; managed projects valued at $7.9 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 147.8 million square feet.

Global Holdings Group

Eyal Ofer’s Global Holdings Group is a private real estate holding conglomerate that specializes – directly and with strategic partners – in large scale iconic office buildings, hotels and luxury residential developments, as well as investment and development assets in prime locations across North America, the United Kingdom and Europe. Global’s current portfolio consists of over 10 million square feet of real estate, comprising over 100 properties and 2,500 hotel rooms. Global’s New York City properties include Class A office buildings such as 120 Park Avenue, 99 Park Avenue, 410 Park Avenue and 875 Third Avenue, and iconic residential developments such as 15 Central Park West, the Greenwich Lane, 18 Gramercy Park and 50 United Nations Plaza.

Global Holdings Management Group (www.globalholdings-mgmt.com) exclusively develops, advises and manages the real estate assets of Global Holdings Group.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com