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CBRE does triple well at Penn Plaza.


In a deal that showcased the continued popularity of the 34th Street district, CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  has arranged three new leases totaling more than 28,000 s/f on the entire 14th floor of 5 Penn Plaza, a class A office tower situated in the center of one of the city's largest transportation hubs. The CBRE CBRE CB Richard Ellis (real-estate firm)
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CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 team of Eric Deutsch, Zachary Freeman, Jason Pollen and Peter Turchin negotiated the transactions on behalf of the building owner, 5 Penn Plaza LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
.

The global information provider and consultant comScore Networks, Inc. is taking the northeast corner of the 26-story building. The firm was represented by David Itzkowitz, of CBRE, in the negotiations. In addition, Agilysys, Inc., one of the foremost distributors and resellers of enterprise computer technology solutions, leased the northwest corner in a deal negotiated by Elizabeth Greenspan, of Colliers ABR (1) (AutoBaud Rate detect) The analysis of the first characters of a message to determine its transmission speed and number of start and stop bits.

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. Systems Task Group International Ltd took the entire south side of the building. CBRE's Jeffrey Kilimnick acted on behalf of Systems Task Group in the negotiations.

In all three lease transactions, the landlord worked closely with the tenants to build out the space according to their exact design and layout requirements.

Occupying the entire blockfront on Eighth Avenue between 33rd and 34th streets, 5 Penn Plaza is located in the heart of the Penn Station area, New York's largest mass transit hub, providing access to the Long Island Railroad, New Jersey Transit The New Jersey Transit Corporation (NJ Transit) is a statewide public transportation system serving the state of New Jersey, and Orange and Rockland counties in New York. It operates bus, light rail, and commuter rail services throughout the state, notably connecting to major , Amtrak Amtrak, the National Railroad Passenger Corp., authorized to operate virtually all intercity passenger railroad routes in the United States. Amtrak was created by Congress in 1970 in response to more than two decades of continuous operating deficits by privately run  and subway lines 1, 2, 3, 9, A, C and E. It is also steps away from some of the city's finest department stores, hotels and restaurants.
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Article Details
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Title Annotation:CB Richard Ellis Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 24, 2005
Words:260
Previous Article:C&W team completes 400,000 s/f transaction.
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