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Financial services firm extends lease of 20,626 SF on 17th floor; expands into 10,889 SF on 23rd floor of Class A office building in Midtown
NEW YORK, August 9, 2011 — Jones Lang LaSalle has completed a lease renewal and expansion for ABN AMRO Holdings USA LLC with SL Green Realty Corp. at 100 Park Avenue. The bank signed an 11-year lease for a total of 32,259 square feet at the 825,815-square-foot, Class A office building.
ABN AMRO Holdings was represented by Chris Kraus, managing director, and Mercedes Fernandez, associate, both with Jones Lang LaSalle’s New York office. Building owner SL Green Realty Corp. was represented in-house by Larry Swiger, senior vice president, and by Peter Alden, associate, with Cushman & Wakefield Inc.
"ABN AMRO had recently moved into 100 Park Avenue following an extensive build-out of its new space on the 17th floor of the building,” said Kraus. “Due to the positive experience the bank has enjoyed at the building, ABN AMRO decided to opportunistically expand onto the 23rd floor to accommodate an incoming business unit and organic expansion. The bank also extended its lease on the 17th floor of 100 Park Avenue.”
ABN AMRO Holdings previously occupied 20,626 square feet on the 17th floor of 100 Park Avenue, which is located between East 40th and East 41 Street. The bank expanded its occupancy at the building by 10,889 square feet on the 23rd floor and 744 square feet of storage space. The lease term for ABN AMRO’s offices on the 17th floor is coterminous with its expansion space on the 23rd floor.
Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,700 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2010, the New York tri-state team completed approximately 17 million square feet in lease transactions, completed capital markets transactions valued at $861 million, managed projects valued at more than $5.8 billion, and oversaw a property and facilities management portfolio of 83.5 million square feet.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $45.3 billion of assets under management. For further information, please visit our website, www.us.joneslanglasalle.com.
George Shea, Mark Faris
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