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News release

NEW YORK, NY

JLL Inks 7 Transactions for Owner of 19 West 44th Street in New York

Tenants from diverse range of industries sign seven lease transactions, totaling 31,268 square feet, at Deka Immobilien’s 292,968-SF The Berkeley Building


New York, June 15, 2016 JLL has completed seven lease transactions, totaling 31,268 square feet, for building owner Deka Immobilien GmbH at The Berkeley Building, 19 West 44th Street. Kaplow Group Inc. renewed 13,156 square feet, AFS Technologies renewed 6,143 square feet, Kleinknecht Electric Co. Inc. leased 4,904 square feet, Parcel Pro Inc. renewed 3,118 square feet, Actus Consulting Group Inc. relocated into 2,383 square feet, Temple Translations Inc. signed for 1,170 square feet, and The Caldwell Group Inc. renewed 394 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.

"Tenants from a diverse range of industries continue to be attracted by the top-notch office space at 19 West 44th Street as well as the property's excellent location," said Winter. "The office building provides great city views in all directions and close proximity to mass transportation. The fact that long-term tenants consistently prefer to renew their leases rather than relocate speaks to the quality and commitment of building ownership and management."

Kaplow Group Inc. signed a five-year-plus renewal for 13,156 square feet and will occupy a portion of the sixth floor and a portion of the seventh floor at 19 West 44th Street, which is located between Fifth and Sixth avenues in Midtown, a few blocks from Bryant Park and Grand Central Terminal. The public relations and communications firm is a long-term tenant, having signed its first lease at the building in 1999. Kaplow Group was represented by Robert Goodman, executive managing director, with Colliers International.

AFS Technologies inked a three-year-plus renewal for 6,143 square feet and will occupy a portion of the seventh floor at the building. R. Craig Coppola, founding principal, with Lee & Associates, represented the tenant, the leading provider of software solutions purpose-built for consumer goods companies.

Kleinknecht Electric Co. Inc. completed a seven-year-plus lease for 4,904 square feet and will occupy a portion of the fifth floor at 19 West 44th Street. The electrical equipment supplier is relocating to the building from its previous offices at 252 West 37th Street. The tenant was represented by Ben Shapiro, managing director, and Justin Pollner, associate, with Newmark Grubb Knight Frank.

Parcel Pro Inc. signed a five-year-plus renewal for 3,118 square feet and will continue to occupy a portion of the third floor at the building. A subsidiary of United Parcel Service, the company is the leading independent logistics provider to the jewelry, wristwatch and collectibles industries. The tenant was represented in-house.

Actus Consulting Group Inc. inked a 10-year-plus lease for 2,383 square feet and will occupy a portion of the fourth floor at the building. The employment agency signed a new lease to relocate to modern office space on the same floor as its existing offices at the building. The tenant was represented by Jay Friedman, executive vice president, with Realty Group International (USA) Inc.

Temple Translations Inc. completed a five-year-plus lease for 1,170 square feet and will occupy a portion of the 14th floor at 19 West 44th Street. The translation agency is relocating to the building from its previous offices at 271 Madison Avenue. The tenant was represented by Jeff Buslik, managing director, and Jay Dispaltro with Adams & Co. Real Estate LLC.

The Caldwell Group Inc. signed a three-year renewal for 394 square feet and will continue to occupy a portion of the fifth floor at the building. The employment agency was represented in-house.

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 2,300 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.​