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News release

New York

Jones Lang LaSalle Completes 213,231-SF Lease at 51 West 52nd Street for CBS Broadcasting with Orrick, Herrington & Sutcliffe

Law firm to occupy floors 11 through 16, 21 through 23


NEW YORK, December 2, 2009 — Jones Lang LaSalle has completed a new direct lease for CBS Broadcasting Inc. with Orrick, Herrington & Sutcliffe LLP at 51 West 52nd Street, also known as Black Rock. The law firm signed a 15-year lease for 213,231 square feet of office space at the 980,000-square-foot, trophy office building.
 
The building owner was represented by Peter Riguardi, president of Jones Lang LaSalle’s New York region, along with Frank Doyle, international director, Barbara Winter, senior vice president, and Andrew Flint, vice president, all with Jones Lang LaSalle’s New York office. The tenant was represented by Barry Gosin, CEO, and Moshe Sukenik, executive vice president and principal, with Newmark Knight Frank.
 
“Orrick, Herrington & Sutcliffe was searching for new office space in the same general area as its existing offices, and 51 West 52nd Street is located just one block away,” said Riguardi. “Orrick, Herrington & Sutcliffe was also attracted to the property’s efficient, column-free floor plate, which offered the firm enormous flexibility with the internal layout of its space.”
 
Orrick, Herrington & Sutcliffe will occupy the 11th floor through the 16th floor and the 21st floor through the 23rd floor at the building, which is located at Avenue of the Americas between 52nd and 53rd Streets. The law firm is relocating from 666 Fifth Avenue.
 
Neighboring tenants at 51 West 52nd Street include CBS Broadcasting Inc. and Wachtell, Lipton, Rosen & Katz.
 
Jones Lang LaSalle is the exclusive leasing agent at 51 West 52nd Street, and continues to market several floors of office space that are available at the building.
 
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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