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News release

NEW YORK, NY

JLL Completes 57,018-SF Lease for AKF Group at One Liberty Plaza in New York

Engineering firm signs 15-year lease to occupy entire 22nd floor, portion of 23rd floor at Class A, 2.3 MSF commercial office building


NEW YORK, September 18, 2014 — JLL has completed a new, direct lease for AKF Group LLC at One Liberty Plaza in Lower Manhattan. The engineering firm signed a 15-year lease for 57,018 square feet at the Class A, 2.3 million-square-foot commercial office building owned by Brookfield.

The tenant was represented by Paul Mas and Michael Shenot, managing directors; Ruby Hwang, senior vice president; and Roxanne Tehranian, associate, all with JLL. Brookfield was represented in-house by Jeremiah Larkin, senior vice president and director of leasing, and Duncan McCuaig, vice presidents of leasing, along with Newmark Grubb Knight Frank team of David Falk, principal and president of the New York tri-state region; Peter Shimkin, executive managing director; Hal Stein, managing principal; and Nick Berger, managing director.

“AKF Group is relocating its entire New York operations from the Times Square district to Lower Manhattan,” said Shenot. “Lower Manhattan continues to attract a diverse range of tenants from outside of the traditional financial services sector. We’ve seen similar commitments this year from media firms, technology groups and across all business service sectors.”

AKF Group inked the 15-year lease and will occupy the entire 44,378-square-foot 22nd floor and a portion of the 23rd floor at One Liberty Plaza, located directly across from the World Trade Center between Liberty and Cortlandt streets in Lower Manhattan. The engineering firm is consolidating its presence Downtown from locations at 1501 Broadway and 330 West 42nd Street in Midtown.

“AKF Group was established in New York in 1989, and we have always maintained our largest office presence here in the city,” said Paul Bello, president of AKF Group. “We chose to reaffirm our commitment to the revitalization of Lower Manhattan by relocating our New York operations to the area. AKF has been heavily involved in the redevelopment of the 16-acre World Trade Center site since 2006.”

The 54-story One Liberty Plaza was designed by Skidmore, Owings & Merrill LLP and constructed in 1973. The office building was substantially renovated in 2007, with the work including a new lobby, plaza and state-of-the-art elevator systems.

JLL is a leader in the New York tri-state commercial real estate market, with more than 1,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2013, the New York tri-state team completed approximately 25.9 million square feet in lease transactions, arranged capital markets transactions valued at $2.1 billion, managed projects valued at nearly $7.0 billion, and oversaw a property and facilities management portfolio of 95.3 million square feet and an agency leasing portfolio of 67.0 million square feet.

About AKF Group LLC
AKF is a full-service consulting engineering firm serving public and private sector clients across the United States and around the world. Our practice is founded on and our members driven by our core values: integrity, empowerment, and internal client. We believe that, by fostering a firm-wide culture of service and commitment to the needs and successes of one another, we ensure that our relationships with clients are informed by the same culture and values. We are collaborative, innovative, and client-focused, creating effective, efficient, and adaptable solutions, building enduring partnerships, and delivering life-cycle engineering services.

About JLL
JLL (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 fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.