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News release

NEW YORK, NY

JLL Secures Delos for New Meatpacking District Office Building

‘Wellness real estate’ firm takes 22,000 SF at newly constructed, 114,000-SF 860 Washington Street Class A office building


NEW YORK, October 13, 2015 — JLL has completed a new, direct transaction for Delos at 860 Washington Street with building co-developers Property Group Partners and Romanoff Equities Inc. Delos, a pioneer in “wellness real estate,” inked a lease for approximately 22,000 square feet at the newly constructed, 114,000-square-feet Class A commercial office and retail building.

Tenant Delos was represented by Aaron Ellison, executive vice president, and Joseph Armano, associate vice president, both with JLL. Building co-developers Property Group Partners and Romanoff Equities were represented by Stuart Romanoff, vice chairman, with Cushman & Wakefield Inc.

“There could be no better choice than Delos for the first tenant to occupy this spectacular new office property,” said Armano. “The company has been transforming interior spaces by placing health and wellness at the center of design and construction decisions. The WELL Building Standard is the world’s first building standard focused entirely on people’s health and wellness. The principals of the firm are thrilled at the opportunity to showcase their platform in a brand-new building directly adjacent to the very popular High Line.”

Delos signed a 10-year lease for 22,000 square feet and will occupy the entire fourth and fifth floors at 860 Washington Street, which is located at the intersection of 13th and Washington streets, adjacent to the High Line and the Standard Hotel. The “wellness real estate” company is relocating its offices to the newly constructed office building from its previous offices at 22 Little West 12th Street. The firm will pursue the WELL Certification Platinum standard for its new space.

The 10-story 860 Washington Street was designed by James Carpenter Design Associates and completion is slated for late 2015. The office property features 11’ 3” floor-to-ceiling windows; a column-free perimeter; an off-set core with just seven columns; advance building systems fully controlled by tenants; and raised floors with under-floor HVAC, electrical and telecommunications systems.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,000 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 investment sales transactions valued at more than $5.4 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. A Fortune 500 company 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 $56.0 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.