Jones Lang LaSalle gets grand central assignment for 5 more years.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. announced that the Metropolitan Transportation Authority (MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system. (2) See M Technology Association. 1. (messaging) MTA - Message Transfer Agent. ) has renewed its contract for the retail management, marketing and leasing of Grand Central Terminal for an additional five-year term, effective Oct. 1. "We are proud to continue our role as the retail managers of this incredible multi-use project," stated Cubie H. Dawson, Jr., senior vice president of the firm's transportation division. "The dramatic renovation of Grand Central has not only revitalized the terminal, but the surrounding neighborhood as well. We are equally proud to have formed an outstanding partnership with the MTA and Metro-North Railroad
Under the terms of the new agreement, Jones Lang LaSalle will continue to provide retail management, accounting, engineering, marketing and leasing services. Jones Lang LaSalle was chosen by the MTA in 1994 to manage the entire redevelopment process and to implement a comprehensive leasing campaign for the 180,000 SF of retail space at the terminal. Jones Lang LaSalle's role included development manager for the revitalization; general contractor A general contractor is an organization or individual that contracts with another organization or individual (the owner) for the construction of a building, road or any other execution of work or facility. for construction services related to the restoration of public spaces and creation of retail and dining areas; tenant coordinator for retail buildouts; and development of a strategic operating plan for the ongoing public/private management of the facility. "It is exciting to see the change in attitude toward Grand Central from New Yorkers and tourists alike," stated Dawson. "It used to be that the terminal served as an exit for the millions of commuters who passed in and out each day on the way to other destinations. Now, the terminal itself is the destination. We see New Yorkers coming to the terminal to shop and eat at the 80 retail stores and restaurants, and tourists experiencing the history and beauty of this world-renowned landmark." The retail component of Grand Central Terminal is now close to 100 percent occupancy. Retail stores include: Kenneth Cole Kenneth Cole is the name of:
n. A small country that is economically dependent on a single export commodity, such as bananas, and is typically governed by a dictator or the armed forces. ; L'Occitane; Origins; Papyrus papyrus (pəpī`rəs), a sedge (Cyperus papyrus), now almost extinct in Egypt but so universally used there in antiquity as to be the hieroglyphic symbol for Lower Egypt and a common motif in art. ; Posman Books; Michael Eigen Jewelers and the New York Transit Museum The New York Transit Museum is a museum which displays historical artifacts of the New York City Subway and bus systems; it is located in the unused Court Street subway station in Brooklyn Heights, Brooklyn, New York City. Gallery and Store. Among the 21 restaurants and dining concourse tenants now operating at the terminal are: Oyster Bar & Restaurant; Michael Jordan's The Steak House N.Y.C.; Charlie Palmer's Metrazur; Two Boots; Junior's; The Shoe Box cafe; and Zocalo zo·ca·lo n. pl. zo·ca·los A town square or plaza, especially in Mexico. [American Spanish zócalo, from Spanish, socle, from Italian zoccolo; see socle.] Bar & Restaurant. Gordon Pelavin, a vice president of Jones Lang LaSalle, has recently been appointed general manager for Grand Central's retail operations, directing the day-to-day operations of the terminal's retail and restaurant tenants. Paul Kastner, also a vice president of Jones Lang LaSalle, and the terminal's director of marketing for the past four years, has just taken on the responsibility of overseeing all leasing activity at Grand Central, including securing temporary tenants for the annual Holiday Fair which is presented in Grand Central's Vanderbilt Hall for five weeks during the holiday season. |
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