
554-568 Eighth Avenue
270 West 38th Street, New York, NY, 10018, US
Jones Lang LaSalle (“JLL”) has been exclusively retained to offer for sale the fee simple interest in Tower 45 (the “Property”), a 40-story, 455,000 rsf, Class A office tower along Midtown’s Sixth Avenue office corridor within the greater Grand Central submarket. The Property is among a small subset of scaled Sixth Avenue office assets offering boutique floor plates, positioning the Property to capture demand as Midtown leasing accelerates, premier buildings reach capacity, and tenant preferences increasingly favor smaller, flexible space. Tower 45’s unique 15-story open-air atrium provides enhanced light and air throughout the building, and its setback from the street creates unobstructed view corridors, differentiating it from comparable product.
The Property is ideally situated in the center of Midtown Manhattan, positioning Tower 45 to capitalize on the city’s strongest market fundamentals. The Property’s proximity to Bryant Park, Grand Central Terminal, Times Square, and Penn Station provides unmatched transit connectivity and access to the region’s largest talent pool. As tenant demand accelerates around transit hubs and top-tier availability remains constrained, Tower 45 is well-positioned to benefit from increased leasing velocity and upward rental rate pressure.
Tower 45 represents a scarce acquisition opportunity on institutionally-held Sixth Avenue. The Property offers multiple value-creation pathways through strategic leasing initiatives, further renovation and amenitization, and embedded growth through significant mark-to-market upside. All inquiries regarding Tower 45 should be directed to JLL.