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News release

HARTFORD, CT

CohnReznick Leases 50,000 Square Feet at Metro Center Tower in Downtown Hartford

JLL represents tenant on consolidation of space


HARTFORD, CT – March 3, 2014 – CohnReznick LLP, a leading accounting, tax, and advisory firm, has signed a long-term lease agreement with The Freemont Group for 50,000 square feet of state-of-the-art office space on the top two floors of the Metro Center tower located at 350 Church Street in Hartford, CT. CohnReznick will be consolidating two suburban offices and moving nearly 200 employees into Hartford, with the aid of a $1.2 million state loan. JLL Executive Vice President Chris Ostop represented CohnReznick in the lease transaction. 

According to Ostop, "It is incredibly encouraging for downtown Hartford that longtime, prominent business leaders have decided that they would be better served to have their operations in downtown Hartford."

Under the terms of the deal with the state, CohnReznick must retain its current 196 employees and add 40 over the next four years. The 10-year loan is at a below-market rate of two percent and no principal payments are required for the first five years.

About CohnReznick, LLP
CohnReznick LLP is one of the top accounting, tax, and advisory firms in the United States, combining the resources and technical expertise of a national firm with the hands-on, entrepreneurial approach that today's dynamic business environment demands. Headquartered in New York, NY, and with offices nationwide, CohnReznick serves a large number of diverse industries and offers specialized services for middle market and Fortune 1000 companies, private equity and financial services firms, government contractors, government agencies, and not-for-profit organizations. The Firm, with origins dating back to 1919, has more than 2,700 employees including nearly 300 partners and is a member of Nexia International, a global network of independent accountancy, tax, and business advisors. For more information, visit www.cohnreznick.com.

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 revenue of $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit www.jll.com.