New York, NY – Cushman & Wakefield and Northwood Investors announced today the completion of capital improvements at 1180 Avenue of the Americas, a 398,937-square-foot boutique office building in Midtown Manhattan. The capital improvements include one of the largest common outdoor terraces in Midtown.
Designed by Gensler, the capital improvements include a completely renovated main entrance, lobby and a new modern façade. The state-of-the-art penthouse amenity center features a 3,500-square-foot oversized terrace with wrap-around views of Midtown and 4,000 square feet of interior space with two large conference room and lounge areas. Ownership modernized the elevators, both mechanicals and interiors, and raised one elevator cab to reach the penthouse amenity center directly. To meet the immediate needs of tenants, ownership embarked on a spec-suite program to provide high-end, move-in ready space.
A Cushman & Wakefield team consisting of Bryan Boisi, Mark P. Boisi, Harry F. Blair, Sean N. Kearns and Michael Baraldi are marketing leasing opportunities ranging from 5,000 square feet to 250,000 square feet on behalf of the landlord, Northwood Investors.
“Northwood Investors has invested significantly in transforming 1180 AofA into the top creative, boutique building in Midtown,” said B. Boisi. “The top floor penthouse amenity center delivers a best-in-class tenant amenity package with a large terrace that meets the needs of tenants looking for an exciting outdoor space for their employees and clients. With the renovations completed, we are excited to bring an offering unique to Midtown that has a palpable creative energy.”
“The location of this property is incredible and the design of the building allows for the conversion of expansive setbacks to private terraces, which is a rare feature among office buildings on this avenue,” added M. Boisi.
The property’s floor plates range in size from 10,000 square feet to 24,000 square feet which, combined with the side-core structure of the building, allow for significant versatility and mix of tenant uses. The property also has signage opportunities and the possibility for a building-within-a-building for tenants looking for ultimate exclusivity.
There are currently multiple leasing opportunities available in the building, including blocks ranging from 25,000 to 250,000 square feet and a pre-built program.
Photos of the asset can be downloaded here.
About Northwood Investors
Northwood Investors LLC (“Northwood Investors”) is a privately-owned, employee-held, SEC registered investment advisor. The firm, which was founded in 2006, owns and operates real estate across the US and Europe. Northwood currently manages approximately $10 billion of assets. Northwood's flagship fund seeks to opportunistically acquire well-located real estate with a plan to create value through hands-on asset management. Northwood is vertically-integrated with in-house operating teams across the office, multifamily, retail, logistics, and hospitality sectors. Please visit www.northwoodinvestors.com for more information.