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News release

NEW YORK, NY

JLL Selected to Manage 140 Broadway in New York

Firm to provide property management services for 1.2-MSF, Class A office building in Lower Manhattan


NEW YORK, June 14, 2016 — JLL was selected by Union Investment Real Estate GmbH as exclusive property manager for 140 Broadway in Lower Manhattan. The firm will provide a full range of property management services for the Class A, 1.2 million-square-foot landmarked office building.

The JLL team handling the property management assignment includes Linda Aronson, managing director and head property management in the New York tri-state region; Matt Duthie, managing director and head of property management in New York; and Matthew Kirby-Smith, general manager of the building. The group will work closely with Union Investment through its advisor, Metzler Real Estate.

“This building is one of Lower Manhattan’s truly unique office towers, with its architecturally distinctive façade and Isamu Noguchi's famous Red Cube making a bold statement on the plaza,” said Aronson. “JLL’s focus will be on enhancing the services and amenities at 140 Broadway to create an exceptional experience for tenants and guests.

The 52-story 140 Broadway, located between Liberty and Cedar streets in Lower Manhattan, was designed by Skidmore, Owings & Merrill LLP and constructed in 1967. The New York City Landmarks Preservation Commission designated the building as a landmark in 2013.

The building’s façade consists of dark-tinted glass with matte black anodized aluminum spandrels and thin mullions, and is notable for its slightly trapezoidal plan form, tapering to the side facing Broadway and reducing from four to three structural bays, as well as the first use of a flush, homogenous curtain wall. The building was considerably drawn back from the Broadway street line and a plaza of white travertine was created on the vacated part of the plot. The plaza features Isamu Noguchi's Red Cube, a bright red-painted steel sculpture installed in 1968.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,300 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2015, the New York tri-state team completed approximately 32.6 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $8.2 billion; managed projects valued at $7.8 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 141 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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 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.