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News release

NEW YORK, NY

JLL Secures 8,508 SF for Tag Wall at The Plant in New York

Tenant relocates, expands at Class B, 228,268-SF 321 West 44th Street


NEW YORK, May 4, 2015 — JLL completed a new, direct transaction for Tag Wall LLC at 321 West 44th Street, also known as The Plant, with building owner Jowa Holdings Co. Ltd. The architectural wall manufacturer and distributor signed a 10-plus-year lease for 8,508 square feet of space at the Class B, 228,268-square-foot commercial office building.

The tenant, Tag Wall, was represented by Alexander Chudnoff, vice chairman, and Brittany Wunsch, vice president, both with JLL. Building owner Jowa Holdings was represented by Howard Hersch, executive vice president, and Justin Haber, associate, also with JLL.

“Tag Wall was looking for creative, unique space for its expanding business,” said Wunsch. “The Plant, with its storied history in Manhattan, was an ideal location for the architectural wall manufacturer and distributor. The building is located just steps from Times Square and a wide variety of transportation options.”

Tag Wall will occupy a portion of the second floor at 321 West 44th Street, which is located between Eighth and Ninth avenues. The architectural wall manufacturer and distributor is relocating and expanding at the building from its previous offices at 28 West 44th Street.

The 10-story, 321 West 44th Street was designed by Thomas W. Golding and constructed in 1929. Building ownership recently completed a capital improvement program that included a new lobby, common areas and restrooms. The office building was awarded Leadership in Energy and Environmental Design (LEED) certification by the U.S. Green Building Council and platinum-level Wired Certification by WiredNYC.

Known as The Record Plant from the late 1960s to the mid-1980s, the building was the first studio to provide musicians with a comfortable, casual environment for recording. John Lennon, Bruce Springsteen, Aerosmith, Jimi Hendrix and Van Halen are among the many artists who recorded music at the studio.

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 2014, the New York tri-state team completed approximately 22.8 million square feet of lease transactions, arranged capital markets transactions valued at more than $3.0 billion, managed projects valued at $7.6 billion, and oversaw a property management, facilities management and agency leasing portfolio exceeding 163 million square feet.

About Tag Wall LLC
Tag Wall LLC is an Architectural Wall manufacturer and distributor created to service the Architectural and Design industry. With clientele ranging from major corporations, to building owners and design firms, we offer a unique approach to architectural metal and glass solutions.

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 $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 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.