Computer giant commits to long term lease at 3WFC.In yet another sign of a re-energized Downtown Manhattan market, Computer Generated Solutions, Inc. (CGS CGS centimeter-gram-second system. CGS or cgs abbr. centimeter-gram-second system. CGS, c.g.s. ), a 20-year old privately held provider of system integration, software, training, technical help desk solutions, and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality , has committed to a 40,265-square foot ten-year lease at Three World Financial Center. The firm will relocate and expand its world headquarters, currently comprising 37,000 square feet of space at 1675 Broadway in Midtown, by the first quarter of 2005. CGS will occupy the entire 27th floor of the 2.1 million-square-foot office tower located in the heart of Downtown Manhattan. Brookfield Properties Brookfield Properties Corporation TSX: BPO NYSE: BPO is a Toronto-based North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares. owns 1.1 million-square feet of Three World Financial Center. The 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. team of Michael R. Laginestra and Stephen Eynon represented CGS in direct negotiations with Dennis Friedrich, Michael Berman Michael Berman may refer to:
"This is truly a win-win situation. CGS secured a long-term home in a location, which satisfies a two-year search for its ideal corporate headquarters. Downtown benefits from a high-profile migration from Midtown that will add over 200 jobs to the burgeoning Financial Center," said Mr. Eynon. "This is a significant move for CGS, as it provides the firm with the perfect platform to meet its current space requirements as well as any future expansion." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Phil Friedman, Chief Executive Officer of Computer Generated Solutions, "Computer Generated Solutions has been in 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 for over 20 years and we are thrilled to have found a new location within the city. Three World Financial Center is the perfect fit for CGS. The new space provides us with the facilities we need as our business grows and affords us the opportunity to keep our roots here in Manhattan, today and in the future." "I am very pleased to welcome a company of CGS's caliber to our tenant roster at Three World Financial Center," said Dennis Friedrich, President & COO of Brookfield's U.S. Operations. "Over the past few years Lower Manhattan has experienced a dramatic turnaround, thanks in part to a strong commitment by large firms to relocate to the submarket and take advantage of everything this area has to offer." In addition to the 40,265-square-foot lease at Three World Financial Center, CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) has represented CGS in a number of national assignments including a 40,000-square-foot commitment in Atlanta; a 6,000-square-foot lease in Los Angeles and a 20,000-square-foot disposition in Dallas. |
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