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News release

NEW YORK

JLL Inks 3 Leases for Deka Immobilien at The Berkeley Building in New York

National Review Institute, Hecht Kleeger & Damashek, Ades Law Group take total of 19,886 square feet at 19 West 44th Street


NEW YORK, May 31, 2017JLL has completed three lease transactions, totaling 19,886 square feet, for building owner Deka Immobilien GmbH at The Berkeley Building, 19 West 44th Street. National Review Institute inked a lease for 9,434 square feet, Hecht Kleeger & Damashek PC signed for 7,477 square feet and Ades Law Group PC renewed 2,975 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."

National Review Institute, which was founded by William F. Buckley Jr. as a nonprofit, 501(c)(3) charitable organization in 1991, signed a 10-year lease for 9,434 square feet and will occupy a portion of the 17th 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 institute is relocating to the building from 215 Lexington Avenue. NRI was represented by Michael Higgins, senior vice president, with JLL.

Hecht Kleeger & Damashek PC inked a 10-year lease expansion for 7,477 square feet and will occupy a portion of the 15th floor at the building. The law firm is relocating to the space from its previous offices on the same floor. The tenant was represented by Paul Haskin, senior vice president, with CBRE Group Inc.

Ades Law Group PC completed a four-year lease renewal for 2,975 square feet and will continue to occupy a portion of the sixth floor at 19 West 44th Street. The law firm was represented by Steven Jacobson with Hopkinson Associates.

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 also oversaw a number of additional capital projects that included the design and construction of 16 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 leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.