The JACX, 28-01 Jackson Ave., Long Island City, Queens/ Photo credit: Jesse David Harris
NEW YORK CITY—With Macy's increasing its commitment and with New York-Presbyterian and Weill Cornell Medicine leasing space, the JACX, Tishman Speyer's Long Island City, Queens office development has reached full occupancy. The $700 million, 1.2 million square-foot complex consists of two 26-floor skyscrapers, connected by a four-story podium. It is scheduled to be completed this summer. With the address of 28-01 Jackson Ave., it will be the largest office complex developed in Long Island City, since the Citicorp Building opened in 1990.
Its two most recent leases total 328,000 square feet. Macy's, Inc., which originally committed to 567,000 square feet, upped its space by another 300,000 square feet. The department store has now agreed to rent a total of 867,000 square feet for 20 years.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
