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News release

NEW YORK

Third Point Leases 75,000 Square Feet at 55 Hudson Yards in New York

Investment advisor to occupy top three floors of office tower


NEW YORK, September 6, 2017 — Third Point LLC has signed a lease with The Related Companies at 55 Hudson Yards. Third Point, an SEC-registered investment advisor with over $18 billion under management led by Daniel S. Loeb, signed a 10-year lease for 75,064 square feet on the top three floors of the Class A, 1.3 million-square-foot office building now under construction and scheduled to open in 2018.

Represented in the transaction by JLL, Third Point is currently located at 390 Park Avenue (The Lever House) and will occupy the entire top two floors (50th and 51st), and half of the 49th floor at 55 Hudson Yards on Eleventh Avenue between 34th and 35th streets. The 780-foot-tall building was designed by Kohn Pedersen Fox in collaboration with Kevin Roche John Dinkeloo and Associates. Tenants that have recently signed leases in the building include Point 72 Asset Management LP; Silver Lake, Cooley LLP; MarketAxess Holdings Inc.; Milbank, Tweed, Hadley & McCloy; Boies Schiller Flexner LLP; and Intercept Pharmaceuticals Inc.

Alexander M. Chudnoff, vice chairman, and Dan Turkewitz, senior vice president, both with JLL, led the team representing Third Point. The property owner was represented by Howard Fiddle, vice chairman; Robert Alexander, chairman, New York tri-state region; and Emily Jones, senior vice president; all with CBRE. Representing Related in-house were Stephen Winter, vice president; Andrew Cantor, senior vice president; and Jordan Bargas, associate.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,400 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2016, the New York tri-state team completed approximately 28.2 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $12.0 billion; managed projects valued at $7.9 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 146.7 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 $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 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.​