JRT Realty serves as exclusive leasing and managing agent for Court Square Place along with Cushman & Wakefield. United Nations Federal Credit Union (UNFCU), which has its headquarters in Court Square Place, is the owner/developer of the property.
John Adams Associates represented Nespresso USA Inc. Greg Smith, JRT's executive vice president, explains that Court Square Place's strategic location and well-appointed space have enormous appeal to tenants. "The Court Square Place tower offers commanding views of Manhattan, high-tech office space companies' need, and amenities employees seek," he notes.
"Nespresso was attracted to this space because it is Long Island City's newest building, it's a class A product, it's a trophy building with large open floors and unobstructed views of Manhattan," Smith tells GlobeSt.com.
He continues to explain that the company will retail operations in Midtown and the site is only three minutes away from Manhattan by subway. "The price is a third the cost of Midtown," Smith notes. Although he could not disclose the actual price per sf, he says that asking rents in the building are $42 per sf, but that comparable spaces in Midtown are $100 per sf.
Located at 24-01 44th Rd., one block from the Citicorp Tower, Court Square Place includes 274,000 sf of prime corporate office space. It is the tallest office building in 16 years to rise in Long Island City according to a release by JRT. UNFCU, New York City's largest credit union, occupies the first seven floors of the building.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
