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News release

NEW YORK, NY

Jones Lang LaSalle Inks 9 Deals Totaling 36,518 SF for Owners of 90 Broad Street

Firm completes nine new, direct leases at 25-story, Class A, 402,675-SF office building


NEW YORK, July 25, 2012 — Jones Lang LaSalle has completed transactions totaling 36,518 square feet of commercial office and retail space for 90 Broad Owner LLC at 90 Broad Street. The firm completed nine new, direct leases at the Class A, 402,675-square-foot commercial office building.

Building owner 90 Broad Owner LLC was represented in all nine transactions by John Ryan III, managing director; and Edward DiTolla and Scott Cahaly, senior vice presidents.

“We have seen a flurry of activity at 90 Broad Street over the past two months,” said Ryan. “Ownership designed a high-quality pre-built program to target a market segment it believed was seeking a better value over competing buildings. The response has been outstanding, demonstrated by the fact that all five pre-built units have transactions in negotiations.”

Linium LLC signed a five-year lease for 5,077 square feet of office space and will occupy a portion of the ninth floor in the largest pre-built offered at the building. The information technology and business process consulting firm is relocating to 90 Broad Street from its previous offices at 275 Madison Avenue. Linium was represented by Kate Pezzolla, associate, with JRT Realty Group Inc.

Fogel Neale Partners LLC completed a three-year lease for 4,943 square feet of office space at 90 Broad Street and will occupy a portion of the 22nd floor. The private wealth management services firm had previously subleased space at the building. Fogel Neale Partners was represented by Travis Wilson and Robert Satler, associates, with Newmark Grubb Knight Frank.

Engle Martin & Associates inked a five-year lease for 4,805 square feet of office space and will occupy a portion of the ninth floor in the new pre-builts at the building. The company is relocating to 90 Broad Street from its previous offices at One Grand Central Tower. Engle Martin & Associates was represented by Seth Hecht, director, with Colliers International.

RealMatch Ltd. signed a five-year lease for 4,780 square feet of office space at 90 Broad Street and will occupy a portion of the 22nd floor. The recruitment advertising network opened its first office in Manhattan at the building. RealMatch was represented by Kenneth Salzman, senior managing director and principal, with Lee & Associates.

Professional Group Plans Inc. completed a five-year lease for 4,281 square feet of office space at 90 Broad Street and will occupy a portion of the eighth floor. The employee benefits specialist is relocating to the building from its previous offices at 535 Fifth Avenue. Professional Group Plans was represented by Adam Leshowitz, managing director, with Newmark Grubb Knight Frank.

Potbelly Sandwich Works signed for a 10-year lease for 3,404 square feet of retail space at 90 Broad Street. The sandwich retailer took the ground-floor retail space located at the corner of Stone and Broad streets. Potbelly Sandwich Works was represented by Marc Frankel, senior managing director; and Benjamin Birnbaum, managing director, with Newmark Grubb Knight Frank Retail.

Attorney Stuart A. Klein inked a five-year lease for 3,342 square feet of office space on the sixth floor of the building. He is relocating to 90 Broad Street from his previous offices at 99 Madison Avenue. Attorney Stuart A. Klein was represented by Justin Myers, associate, with Lee & Associates.

Fair Health Inc. completed a three-year lease for 3,123 square feet of office space at 90 Broad Street and will occupy a portion of the second floor. The nonprofit organization, which provides information to consumers on health-care costs and health insurance, also has offices at 575 Fifth Avenue. Fair Health was represented by Ben Shapiro, associate director, of Cushman & Wakefield Inc.

National Catastrophe Adjusters Group signed a two-year lease for 2,763 square feet of office space and will occupy a portion of the fourth floor. The insurance management firm will open its first office in Manhattan at 90 Broad Street. National Catastrophe Adjusters Group was represented by John Moxley, executive vice president, with Jones Lang LaSalle.

Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,750 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2011, the New York tri-state team completed approximately 15.9 million square feet in lease transactions, completed capital markets transactions valued at $1.57 billion, managed projects valued at more than $6.8 billion, oversaw a property and facilities management portfolio of 63.6 million square feet, and an agency leasing portfolio of 49.8 million square feet.

About Jones Lang LaSalle
Jones 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 2011 global revenue of $3.6 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 2.1 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 $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com.