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Regus signs 16-year lease to occupy entire 24th floor at Class A, 2.1 MSF 200 Vesey Street
NEW YORK, February 12, 2013 — Jones Lang LaSalle has completed a new, direct lease for Brookfield Office Properties with Regus at 200 Vesey Street. The provider of flexible workplaces signed a 16-year lease for 54,991 square feet of commercial office space at the Class A, 2.1 million-square-foot commercial office building.
The building owner was represented by John Wheeler, managing director, along with Paul Glickman, vice chairman, and Clayton Kline, vice president, all with JLL. The team worked closely with David Cheiken, vice president of leasing, with Brookfield Office Properties. The tenant, Regus, was represented by Mark Ravesloot, vice chairman, and Scott Sloves, senior vice president, with CBRE Inc.
“The 8 milllion-square-foot Brookfield Place complex, currently undergoing a $250 million redevelopment, has historically catered exclusively to large tenants,” said Wheeler. “Regus recognized the opportunity to create an environment for small tenants who can take advantage of Brookfield Place's unique attributes and amenities. These include being connected directly to the new Lower Manhattan transit hubs, a private five-acre waterfront setting and a diversified roster of exciting new eateries fronting New York Harbor.”
Regus will occupy the entire 24th floor at 200 Vesey Street, previously known as 3 World Financial Center, which is located between North End Avenue and West Street. The tenant is opening its newest Manhattan location at the office tower.
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, property/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, arranged capital markets transactions valued at $1.57 billion, managed projects valued at more than $6.8 billion, and 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 professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
George Shea, Mark Faris - Shea Communications