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ING Division Takes 10,075 SF at 780 Third

NEW YORK CITY-The 487,000-sf office tower at the intersection of 49th Street is currently 95% occupied. Rents range between $60 and $75 per sf.

By Melissa Kress | Updated on September 28, 2006

NEW YORK CITY-ING Investment Alternative Assets, LLC has inked a deal for 10,075 sf of office space at 780 Third Ave. The lease puts the division of ING in the building for 10 years.

TIAA-CREF owns the 487,000-sf 780 Third Ave. JRT Realty Group, with strategic alliance partner Cushman & Wakefield, serves as the exclusive leasing and managing agent for the 50-story property.

Greg Smith, executive vice president of JRT Realty, declined to give ING’s specific rental rate; however, he did say the average rental rate for space in the building is between $60 and $75 per sf. ING Alternative Assets is a new tenant to 780 Third Ave. and the deal brings the property’s occupancy to 95%, he adds.

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