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News release

NEW YORK, NY

Jones Lang LaSalle-Managed Building Earns Pinnacle Award from BOMA

The IAC HQ, designed by Frank Gehry, honored by BOMA NY as 2012-2013 Corporate Facility of the Year


NEW YORK, April 29, 2013 — Jones Lang LaSalle announced the IAC HQ, 555 West 18th Street, has been honored with a Pinnacle Award by the Building Owners and Managers Association of New York. The organization selected the property to receive an award as its 2012-2013 Corporate Facility of the Year.

JLL has managed the Class A, 211,312-square-foot building, which is owned by IAC, since 2006. Construction on the property was begun in June 2004 and completed in April 2007. The IAC HQ, located in Manhattan on West 18th Street between 10th and 11th avenues, was previously honored by BOMA New York with a 2008-2009 Pinnacle Award for New Construction.

The Pinnacle Award for Corporate Facility of the Year is presented to a single-use facility at least 50 percent occupied by a corporate entity, which may include government agencies or private enterprise, in recognition of physical attractiveness, efficiency of operation and the impact it has on the community.
Thomas Panissidi, property manager of the IAC HQ for Jones Lang LaSalle, accepted the award on IAC’s behalf. He has overseen daily operations at the property for IAC since 2006 and was instrumental in the building being honored with its 2008-2009 Pinnacle Award for New Construction. Panissidi was one of the nominees for BOMA New York’s 2012-2013 Manager of the Year Award (3 – 10 Years of Experience).

“The IAC HQ is one of the most unique properties ever to grace the New York skyline,” said Panissidi. “This spectacular work of art was not only the first Frank Gehry-designed structure in Manhattan, it was the first time the world-renowned architect created an all-glass building. The construction of this distinctive property would not have been possible without a breakthrough in technology that allowed the team to transform the architect’s vision into a curving expanse of glass and metal.”

The whimsical, wave-like curtain wall was laboratory-tested to ensure its durability before being fabricated in Italy. The panels were then cold-warped, or bent on site, to match the sensuous curves of the façade. The unusual white color of the exterior glass is generated by thousands of baked on ceramic dot patterns that reflect light and reduce glare. The building’s supporting columns are tilted, not vertical, and the underlying skeleton is formed by a system of reinforced concrete ribs and columns that slope in many directions.

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 LaSalle
Jones 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.