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News release

NEW YORK, NY

JLL Secures Robert Derector for Owner of 19 West 44th Street in New York

Engineering firm inks expansion/in-building relocation; takes portion of 11th floor, entire 12th floor at Deka Immobilien’s 292,968-SF The Berkeley Building


NEW YORK, October 26, 2015 — JLL has completed an expansion and in-building relocation for building owner Deka Immobilien GmbH at The Berkeley Building, 19 West 44th Street, with Robert Derector Associates. The full-service engineering firm inked a lease for 33,612 square feet at the Class A, 292,968-square-foot commercial office building.

Deka Immobilien was represented by Barbara Winter and William Korchak, managing directors, both with JLL. The pair worked closely with HQ Capital Real Estate L.P., which serves as the asset manager of the building for Deka Immobilien. The tenant was represented by Robert Yaffa, executive managing director, and Wayne Van Aken, vice president, both with Cushman & Wakefield Inc.

“Robert Derector Associates has been a long-term and highly valued tenant at 19 West 44th Street,” said Winter. “The engineering firm has been very successful during its years at The Berkeley Building and its practice has grown substantially. We worked with the tenant to locate appropriate expansion space within the building and achieve a completely new installation that will suit Robert Derector Associates’ needs for many years to come.”

Robert Derector Associates inked a 15-year lease for 33,612 square feet of space and will occupy a portion of the 11th floor and the entire 12th floor at 19 West 44th Street, which is located at Fifth and Sixth avenues in Midtown, a few blocks from Bryant Park and Grand Central Terminal. The engineering firm was previously located on the 10th floor of The Berkeley Building.

JLL was named as exclusive commercial office leasing agent, property manager and project manager at The Berkeley Building in late 2012. Constructed in 1917, The Berkeley Building was designed by Starrett & Van Vleck.

The firm spearheaded a comprehensive capital improvement program at The Berkeley Building, enhancing the property’s lobby and common corridors, modernizing the elevators and upgrading the infrastructure. The lobby renovation included the addition of a new exhibit of historic images from the early to mid-20th Century, set in glass panels, to the arcade-style lobby, as well as a new reception desk, enhanced lighting and stone finishes. The elevator modernization effort, involved installation of a state-of-the-art destination dispatch elevator system.

In addition to the lobby and elevator modernization efforts, JLL oversaw a number of additional capital projects that included the design and construction of six pre-built office suites, common corridor and restroom renovations, installation of a new sprinkler infrastructure riser, Local Law 11 façade project, a roof replacement and an electrical riser upgrade.

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.