Topic overview
In brief
- JAMS is relocating to two full floors at 3 Times Square, leasing over 55,000 square feet.
- The move is expected to take place in the fourth quarter of 2027 from their current location at 620 Eighth Ave.
- This relocation signifies JAMS' commitment to its future in New York and reflects the ongoing demand for office space in the city.
Summary
In the United States, JAMS, a prominent provider of alternative arbitration and mediation services, has announced its relocation to 3 Times Square. This move involves leasing over 55,000 square feet across two full floors in the Rudin-owned tower, which is now 75% occupied following this lease agreement. The firm is expected to transition from its current location at 620 Eighth Ave. in the fourth quarter of 2027. Kimberly Taylor, the president and CEO of JAMS, emphasized the company's longstanding presence in New York and described the relocation as a significant investment in the firm's future in the city.
The decision to move comes at a time when the real estate market in New York is experiencing various changes, including renovations and new leases in other buildings. Rudin and its joint-venture partner, Thomson Reuters, have recently completed a comprehensive capital improvement program at 3 Times Square, enhancing the building's appeal to tenants. This strategic move by JAMS reflects a broader trend of companies seeking modern and well-equipped office spaces in prime locations.