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Current responsibilities
Matthew Astrachan is a vice chairman in JLL's New York office. He focuses on leasing and sales activities in the New York Region and across the United States. Mr. Astrachan is equally accomplished in both tenant and owner representation, and has been responsible for completing several of New York City's most significant transactions over the past decade. His efforts on behalf of tenants led to strategic plans that fulfilled business objectives and real estate solutions that allowed for productivity and profitability going forward. For owners, he has created marketing plans that identified optimal users for available space and arranged transactions that ultimately increased the value of the property. He has sold properties at values well above market. Mr. Astrachan has also worked with developers to market and lease space in speculative projects and buildings under construction. He joined JLL in 2011.

Specialties
Tenant representation, agency leasing, site selection

Years of experience
20+

Experience
Prior to joining JLL Matthew was an Executive Vice President with Cushman & Wakefield, Inc.

Prior to joining C&W, Matthew was a Managing Director at The Galbreath Company.

Tenant representation

  • Reuters America Holdings
    550,000 s.f. consolidation of New York Tri-state operations
  • Oppenheimer & Co.
    275,000 s.f. headquarters consolidation at 85 Broad Street, New York, NY
    90,000 s.f. renewal at 200 Park Avenue, New York, NY
    35 transactions nationally totalling 160,000 s.f. 
  • AXA Equitable Life Insurance Co.
    1.5 million s.f. of leases nationally, including a 150,000 s.f. Customer Service Center Relocation in Charlotte, NC
    280,000 s.f. disposition at 1290 Avenue of the Americas, New York, NY
  • American Capital
    110,000 s.f. headquarters expansion/extension in Bethesda, MD
    55,000 s.f. "blend and extend" at 505 Fifth Avenue, New York, NY
  • Phillips-Van Heusen Corporation
    225,000 s.f. expansion/extenstion of Warnaco's headquarters at 501 Seventh Avenue, New York, NY
    250,000 s.f. headquarters renewal/expansion at 200 Madison Avenue, New York, NY
    195,000 s.f. renewal of Calvin Klein's headquarters at 205 West 39th Street, New York, NY
    75,000 s.f. expansion for Tommy Hilfiger at 601 West 26th Street, New York, NY
    250,000 s.f. lease for back-office operations, Bridgewater, NJ
    850,000 s.f. automated distribution facility, Atlanta, GA
    50,000 s.f. disposition, Montreal, Canada
  • HSBC Bank
    83,000 s.f. lease at One Hanson Place, Brooklyn, NY
    75,000 s.f. expansion at 330 Madison Avenue, New York, NY
  • Reader’s Digest
    220,000 s.f. consolidation in the New York area
    65,000 s.f. sale and 60,000 s.f. relocation in Milwaukee, WI
  • Dechert, LLP
    234,000 s.f. lease at 1095 Avenue of the Americas, New York, NY
    50,000 s.f. lease at 1900 K Street, Washington, DC
  • CIBC
    130,000 s.f. lease in 417 Fifth Avenue, New York, NY
    300,000 s.f. of transactions in 425 Lexington Avenue, New York, NY
  • Arent Fox Kintner Plotkin & Kahn
    86,000 s.f. renewal/expansion in 1675 Broadway, New York, NY
  • Discovery Channel
    150,000 s.f. lease at 850 Third Avenue, New York, NY
  • New York Housing Authority
    300,000 + s.f. of leasing transactions, New York, NY
  • Kohl’s Department Stores
    120,000 s.f. long-term expansion/relocation at 1400 Broadway, New York, NY

Owner Representation

  • Eugene Hoffman Management:
    350,000-s.f. renewal of Home Box Office at 1100 Avenue of the Americas, New York, NY
  • Chetrit Group:
    275,000-s.f. headquarters lease to 32BJ SEIU at 620 Avenue of the Americas, New York, NY
  • SJP Properties:
    200,000-s.f. lease to Microsoft at 11 Times Square, New York, NY
  • E. J. Minskoff Equities:
    175,000-s.f. lease to New York Genome Center at 101 Avenue of the Americas, New York, NY

Investment sales

  • Stellar Management:
    Sale of the 600,000-s.f. 522 Fifth Avenue to Morgan Stanley
  • KBS Realty Advisors:
    Sale of the 325,000-s.f. 245 Fifth Avenue to The Moinian Group
  • Emmes Asset Management:
    Sale of the 325,000-s.f. 417 Fifth Avenue to Murray Hill Properties
  • HSBC Bank USA, N.A.:
    Sale of the 380,000-s.f. One Hanson Place, Brooklyn, NY to The Dermot Company for residential conversion
  • KBS Realty Advisors:
    Sale of the 300,000 -s.f. 619 West 54th Street to Taconic Investment Partners

Awards

  • 2011, 2012, 2013 Jones Lang LaSalle Top Gun
  • Cushman & Wakefield’s elite group of top 10 real estate professionals; 2001, 2008, 2009, 2010
  • Cushman & Wakefield’s elite group of top 100 real estate professionals; 1995-2010

Education
University of Wisconsin, BA in Economics

Affiliations

  • Real Estate Board of New York
  • Department of Economics Advisory Board of the University of Wisconsin, Madison