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News release

New York

Jones Lang LaSalle Wins BOMA’s Pinnacle Award For Corporate Facility for 452 Fifth Avenue

HSBC Bank’s Corporate Offices Lauded for Efficiency of Operation


NEW YORK, February 25, 2009 — Jones Lang LaSalle announced that 452 Fifth Avenue has been honored with a Pinnacle Award by the Building Owners and Managers Association of New York. The organization selected the property to receive its 2008-2009 Corporate Facility award.
 
Jones Lang LaSalle manages the Class A, 800,000-square-foot 452 Fifth Avenue, which serves as corporate offices for HSBC Bank USA, N.A. The four-building complex is located on Fifth Avenue between 39th and 40th streets. The bank selected Jones Lang LaSalle as property manager for the site in 2003.
 
The Pinnacle Award for Corporate Facility is presented to a single-use facility at least 50 percent occupied by a corporate entity, which may include government agencies or private enterprise, in recognition of physical attractiveness, efficiency of operation and the impact it has on the community.
 
“Jones Lang LaSalle has worked diligently over the past five years to enhance operations at the four-building complex, and it is an honor to have BOMA New York recognize our effort,” said Tony Trocchia, senior vice president for Jones Lang LaSalle.
 
“We’ve been able to weave together many decades of infrastructure to create a safe, well-managed and energy-efficient headquarters complex for HSBC,” said Juan Machado, property manager for Jones Lang LaSalle, who has been managing the complex since 2007. “All four buildings share systems, which presents quite a few challenges from an energy management perspective, plus we need to maintain a constant flow of power to the trading floor and data centers that must remain in operation 24/7.”
 
The complex of buildings at 452 Fifth Avenue is a composite of design ranging from the highly decorative Beaux Arts movement of the early 1920s to the sleek modernity of the late 1980s. The oldest structure is the 10-story Knox Building, completed in the 1920s. Its ornate ornamented façade instantly distinguished it as a landmark at the southeast corner of 40th Street and Fifth Avenue. The second component is the Kress, also 10 stories, located on the southeast corner of 39th Street and Fifth Avenue. Its four cascading setbacks over the avenue date from the 1950s.
 
The tallest and most modern of the facilities is The Tower, which is renowned for its dramatically stepped façade. It rises 29 stories and binds together all four properties to form HSBC’s corporate offices. The fourth building, One West 39th Street, is also a product of the 1920s. The 12-floor office structure creates a harmonious New York presence for the bank.
 
Each February, Building Owners and Managers Association of New York presents its Pinnacle Awards to New York’s premier buildings, people and charitable organizations. The local winners are then entered into the national The Office Building of the Year awards, first at the regional level and then at the North American level, which includes all of the United States and Canada.
 
Other Pinnacle Award categories include Operating Office Building in several categories, Earth, Renovated Building, Historical Building, Government Building, New Construction, Outstanding Local Member of the Year, Manager of the Year, Civic Betterment and the Henry J. Muller Achievement Award.
 
About Jones Lang LaSalle
 
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.3 billion square feet worldwide.  In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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