JAMS Signs 11-Year Lease for 55,000 Square Feet at Rudin’s 3 Times Square
JAMS Signs 11-Year Lease for 55,000 Square Feet at Rudin’s 3 Times Square
Alternative dispute resolution provider JAMS has committed to a major relocation of its New York Resolution Center, signing an 11-year lease at 3 Times Square. The firm will occupy 55,335 square feet across the 29th and 30th floors of the Midtown tower, according to an announcement from landlord Rudin. The move is scheduled for the fourth quarter of 2027, at which point JAMS will vacate its current space at 620 Eighth Avenue, also known as the New York Times Building.
The transaction highlights the continued demand for high-quality office inventory in Manhattan. While specific financial terms of the deal were not disclosed, Cushman & Wakefield data indicates that the average asking rent for Class A office space in Midtown stood at $88.50 per square foot in the second quarter of 2026. Rudin recently completed a capital improvement program at the property with joint venture partner Thomson Reuters, which included the unveiling of a new lobby and a dedicated amenity space on the 16th floor.
Leasing activity was coordinated by significant brokerage firms in the sector. Representing the tenant, a team from CBRE Group, Inc. negotiated the agreement. Rudin was represented by in-house personnel alongside brokers from Cushman & Wakefield. Rudin co-CEO Michael Rudin characterized the lease as a sign of the market’s sustained appetite for properties with modernized features and prime locations.
JAMS CEO and president Kimberly Taylor stated that the relocation signifies a long-term investment in the firm’s New York operations. The 925,000-square-foot tower, situated between West 42nd and West 43rd streets, remains a focal point for office tenants seeking updated infrastructure in the Times Square submarket.
What to watch
- The scheduled relocation of JAMS in the fourth quarter of 2027.
- Future leasing activity at 3 Times Square following recent capital improvements.
- Midtown Class A office asking rent trends for the remainder of 2026.
Source: original release