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News release

New York

Jones Lang LaSalle Completes 36,783 SF Renewal, Expansion for DeWitt Stern Group at The Graybar Building

Insurance firm signs 15-year deal at 420 Lexington Avenue with SL Green Realty Corp.


NEW YORK, November 2, 2010 — Jones Lang LaSalle has completed a renewal and expansion for DeWitt Stern Group at 420 Lexington Avenue, also known as The Graybar Building. The insurance brokerage and risk management firm signed a 15-year lease for 36,783 square feet at the 1.24 million-square-foot office building.

The tenant was represented by Chris Kraus, managing director, and Eric Reimer, executive vice president, both with Jones Lang LaSalle’s New York office. Building owner SL Green Realty Corp. was represented in-house by Larry Swiger.

“The insurer has a long-term relationship with building owner SL Green Realty Corp., having leased space at 420 Lexington Avenue for approximately 20 years,” said Reimer. “As one of the building’s oldest tenants, the DeWitt Stern Group was pleased to remain at The Graybar Building, one of Manhattan’s signature office towers.”

DeWitt Stern Group previously occupied a portion of the 27th floor at 420 Lexington Avenue. The company renewed and expanded its lease to include a portion of the 26th floor, and now occupies a total of 36,783 square feet at The Graybar Building, which is located on Lexington Avenue between East 43rd and East 44th streets.

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 2009 global revenue of $2.5 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 1.6 billion square feet worldwide. In the New York tri-state area, Jones Lang LaSalle provides leasing and management services for more than 94 million square feet of commercial real estate on behalf of owners and occupiers in the region. For further information, please visit our website, www.joneslanglasalle.com.