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149,000 s/f in leases inked at Citigroup Center.


Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S.  has completed three leases totaling 149,010 square feet for Boston Properties Boston Properties, Inc. (NYSE: BXP) is a self-managed real estate investment trust (REIT) based in Boston, Massachusetts. Its primary focus is "Class A" office space which it acquires, develops, and manages in the major markets of Boston, New York City, Washington, D.C.  Inc. at Citigroup Center, 153 East 53rd Street.

Citibank leased 88,296 square feet, law firm Fish & Richardson P.C. signed for 42,615 square feet and investment advisory firm William D. Witter witter
Verb

Chiefly Brit informal to chatter or babble pointlessly or at unnecessary length [origin unknown]

witter
verb chatter, chat, rabbit (on)
 Inc. took 18,099 square feet at the building.

In the first transaction, Citibank renewed 88,296 square feet of space at the building for more than 12 years, keeping its total commitment at 153 East 53rd Street to more than 480,000 square feet.

In the Citibank transaction, building owner Boston Properties was represented by Frank Doyle Frank Doyle (born September 8, 1980, in Guelph, Ontario, Canada) is a Canadian professional ice hockey goaltender. He was never selected in the NHL Entry Draft; he is currently a member of the New Jersey Devils organization, playing for their American Hockey League affiliate, the , managing director, and David Kleiner, vice president, both with Jones Lang LaSalle's New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 office. The tenant was represented by Patrick Robinson Patrick Robinson may refer to:
  • Patrick Robinson (author)
  • Patrick Robinson (fashion designer)
  • Patrick Lipton Robinson (United Nations Judge)
See also
  • Pat Robertson (born 1930), televangelist from the United States.
, managing principal, and Jim Wenk, director, of The Staubach Co.

"Citibank is committed to remaining in Manhattan at Citigroup Center, preferring the building's superior amenities and central location," said Doyle. "We achieved an early renewal on a portion of Citibank's offices at 153 East 53rd Street, making the bank's occupancy coterminus with the rest of the space it occupies at Citigroup Center."

"Citigroup's portfolio of New York office properties is extensive, so Citibank had a lot of options to choose from," noted Robinson. "In the end, it decided its needs were best served by remaining at Citicorp Center The Citicorp Center is any of a variety of skyscrapers in the United States, including:
  • Citicorp Center, in Chicago
  • Citicorp Center, in Los Angeles
  • Citicorp Center, in San Francisco
Citicorp Center
."

In the Fish & Richardson transaction, building owner Boston Properties was represented by Doyle, Lisa Kiell, executive vice president, and Kleiner. The tenant was represented by Mark Minich, senior director, and Mitchell Barnett, executive director, of Cushman & Wakefield Inc.

Fish & Richardson leased 42,615 square feet, occupying a portion of the 51st floor and the entire 52nd floor at Citigroup Center for a term of 15 years. The firm is relocating from 630 Fifth Avenue into space formerly occupied by law firm O'Melveny & Myers LLP LLP - Lower Layer Protocol .

"This transaction allowed Fish & Richardson to occupy larger offices in a trophy-class building while remaining within a few blocks of its previous location in Midtown mid·town  
n.
A central portion of a city, between uptown and downtown.


midtown
Noun

US & Canad the centre of a town
," said Doyle. "In addition, it will be moving into space already built out for a law firm."

In the William D. Witter transaction, Boston Properties was represented by Doyle and Kleiner.

The tenant was represented by Greg Taubin of Studley. The investment advisory firm renewed its lease of 14,000 square feet at Citigroup Center and expanded by another 4,000 square feet, taking the remainder of O'Melveny & Myers' space on the 51st floor of the building. William D. Witter will occupy a total of 18,099 square feet for a term of seven years.

The Jones Lang LaSalle team worked closely with Boston Properties senior vice president and manager of the New York office Robert Selsam, and vice president Andrew Levin on all three transactions.
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Article Details
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jul 21, 2004
Words:461
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