JLL to Market Space at 1330 Sixth

NEW YORK CITY-Special servicer CWCapital Asset Management has tapped Jones Lang LaSalle to market approximately 140,000 square feet of office space, or about 26.6% of the total, at the 40-story 1330 Ave. of the Americas. Otera Capital acquired the 525,000-square-foot property for $100,000 at an auction in late April after Macklowe Properties defaulted on a $130-million mezzanine loan from Otera. Otera, which foreclosed on the loan, also assumes a $240-million senior mortgage on the property, according to published reports.

Peter Riguardi, president of JLL’s New York office, will oversee the assignment at 1330 Sixth Ave. Completing the team will be Frank Doyle, international director; Cynthia Wasserberger, managing director, and David Kleiner, SVP, all with JLL’s New York office. Riguardi calls the tower “the pre-eminent boutique office building on Sixth Avenue” in a release.