The Real Deal ( View Original )

Rendering of lobby at 1177 Avenue of the AmericasSilverstein Properties and California State Teachers’ Retirement System are undertaking a renovation of 1177 Sixth Avenue and chose Jones Lang LaSalle to market the office property’s vacant space.

The 1 million-square-foot Class A office building, between 45th and 46th streets, has approximately 248,500 available square feet across three blocks of space.

A JLL team led by Frank Doyle and Paul Glickman, vice chairmen, will work with the Silverstein Properties team that previously maintained sole management responsibilities since it acquired the property with CalSTRS for more than $1 billion in December 2007. In 2009, the in-house team raffled off Super Bowl tickets to brokers who toured the space, that at that time was soon-to-be vacant.

The ownership tapped Moed de Armas & Shannon Architects to redesign the building lobby and exterior arcade and bring modern amenities to the lobby desk. The project should wrap up by the end of the year, according to JLL. The building was originally designed by Swanke Hayden Connell Architects in 1992. — Adam Fusfeld