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Sporting goods firm takes portion of 3rd floor at Class A, 290,572-SF office building for office, showroom space for luxury fashion group
NEW YORK, January 9, 2013 — Jones Lang LaSalle has completed a new, direct lease for adidas America Inc. with building owner Trinity Real Estate at 435 Hudson Street. The sporting goods firm signed a lease for 15,220 square feet of commercial office space at the Class A, 290,572-square-foot commercial office building.
The tenant, adidas, was represented by John Moxley, executive vice president, with JLL. The building owner, Trinity Real Estate, was represented in-house by Mark Packman, senior vice president and director of leasing; and Peter Fontanetta, associate vice president of leasing.
“Adidas America already occupied space in Manhattan but needed separate offices for its thriving fashion group,” said Moxley. "The sporting goods firm was looking to upgrade the image of its high-end fashion unit with top-notch offices and showroom space in a premier building. Although there was a great deal of competition for the third-floor space, JLL was able to secure the space for adidas.”
Adidas will occupy a portion of the third floor at 435 Hudson Street, which is located between Leroy and Morton streets. The sporting goods firm is relocating its high-end fashion group to its own space at the building from company offices at 610 Broadway.
JLL 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 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 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 billion of assets under management. For further information, please visit www.joneslanglasalle.com.
George Shea, Mark Faris - Shea Communications