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News release

NEW YORK, NY

JLL Secures Renewal for NYC Charter School Center at 111 Broadway in New York

Nonprofit organization leases 9,304 SF for 10 years at Class A, 485,000-SF landmark commercial office building


NEW YORK, May 14, 2015 — JLL completed a renewal transaction for the New York City Charter School Center at 111 Broadway, also known as the Trinity Building, with building owner Trinity Centre LLC. The nonprofit organization leased 9,304 square feet at the Class A, 485,000-square-foot landmark commercial office building.

The tenant was represented by Michael Berman, managing director, and Jason Schwartzenberg, executive vice presidents, both with JLL. Building owner Trinity Centre was represented in-house by VaShawn Cooper.

“New York City Charter School Center was facing the expiration of its lease at 111 Broadway,” said Schwartzenberg. “Although we explored many options for the nonprofit organization across Lower Manhattan, its existing location remained the most logical choice. A tremendous number of people visit the center every day, and no other Downtown building offered the sense of history, prime location and access to transportation that the organization enjoyed at the landmark Trinity Building.”

The New York City Charter School Center signed a 10-year lease renewal and will occupy a portion of the sixth floor at 111 Broadway, which is located at Broadway and Thames Street in Lower Manhattan.

“Though we are only a small nonprofit, we felt that JLL gave us the same level of service the company provides to its large clients,” said James Merriman, CEO of New York City Charter School Center. “JLL negotiated skillfully on our behalf to a successful conclusion.”

The 21-story, 111 Broadway was designed by Francis Hatch Kimball and constructed in 1905 on the site of New York’s first office building. Ownership recently completed a capital improvement program, restoring the marble walls and floors, bronze accents and vaulted plaster ceilings of the twin lobbies. The effort also included 10 new elevators; a computerized building energy management system; and a state-of-the-art security system featuring multi-point camera coverage and card access readers. At street level, Thames Street is being completely redeveloped to include a European-style retail and food plaza.

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 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.