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News release

New York

Jones Lang LaSalle Completes Purchase of 10,000-SF Office Condo at 599 Broadway for Infusion Development

IT consulting firm buys entire fifth floor for new headquarters space


NEW YORK, October 14, 2009 — Jones Lang LaSalle has completed the purchase of an office condominium at 599 Broadway, also known as the Ayer Building, for Infusion Development. The information technology consulting firm acquired a 10,000-square-foot office condo from Blue Man Group at the 12-story building for an undisclosed amount.
 
The buyer was represented by Lloyd Desatnick, senior vice president, with Jones Lang LaSalle’s New York office. The seller was represented by Michael Glanzberg, principal and general counsel, with Sinvin Realty.
 
“Infusion Development was looking for an appropriate new permanent site for its Manhattan headquarters,” said Desatnick. “The company was intrigued by the unmatched opportunity to acquire a full floor at 599 Broadway, which is located right on a high-profile intersection in SoHo.”
 
Infusion Development acquired the entire fifth floor at 599 Broadway, which is located on the corner of West Houston Street and Broadway. The information technology firm is relocating to the building from 291 Broadway.
 
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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide. In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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