Newmark Knight Frank takes over at Empire State Building.W&H Properties has awarded Newmark Knight Frank (NKF NKF National Kidney Foundation NKF Norges Kampsportforbund NKF Norges Klatreforbund (Norway) NKF Norges Kofferttenking Forbund ) the office leasing assignment for the world's most famous office building and the flagship of W&H Properties' eight-million-square-feet Pre-War Trophy Manhattan office portfolio. Newmark takes over from 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. , who resigned the account follow the resignation of Stephen Eynon, who had been director of leasing at the building but who has left 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) to join 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. . Billy Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , a principal of NKF, is the new director of office leasing. Cohen took over the leasing assignment at W&H's One Grand Central Place earlier in 2009 with outstanding results, winning the nod for the Empire State Building assignment. NKF also leases 1333, 1350, 1359 and 1400 Broadway. NKF's relationship with W&H is directed by NKF president Jimmy Kuhn. CBRE's Andrew Goldberg will continue to handle retail leasing at the international icon. "The entire Newmark team understands our portfolio and has been critical to the success of the W&H brand," said Anthony E. Malkin, president of Malkin Holdings, which supervises the portfolio. "Under the direction of Jimmy Kuhn, they've done a great job, and I'm confident the new leasing team will continue to build upon the momentum of our $ 500-million-plus Empire State ReBuilding program, which already has transformed it into the world's premier Pre-War Trophy office center, with a distinguished international client roster." CBRE leased nearly 600,000 s/f to full, partial and multi-floor tenants since repositioning program began in January 2007 fragrance company Coty, construction giant Skanska and architecture and interiors firms BBG-BBGM. The Empire State Building has been consolidating its tenancy for the purpose of creating larger blocks of space to accommodate full and partial floor tenants of nearly all sizes. The program has reduced the number of tenants from 560 a few years ago to approximately 300 today. Cohen, since taking over leasing operations at W&H's One Grand Central Place, has accelerated the pace of new tenant arrivals while overseeing a tenant consolidation program. This year alone, five new full floor, quality credit tenants have been signed in the tower of One Grand Central Place, while more than a dozen mid-sized users have signed at the base of the building as well. Cohen has been a principal at NKF for 23 years and a leasing broker in the 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 area for 29 years. He has worked on campaigns for such properties as Carnegie Hall Tower Carnegie Hall Tower is a 60-story skyscraper located on 57th Street in New York City. Part of a cluster of three very tall buildings (along with CitySpire Center and Metropolitan Tower), the tower was built in an architectural style in harmony with its neighbor Carnegie Hall, a , CitySpire, Trump Tower Trump Tower Trump Tower is the name used for several skyscrapers owned and operated by real estate magnate Donald Trump. Each of these skyscrapers is predominantly composed of residential condominiums and found in major cities. and 645 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , and has played an instrumental role in brokering the sales of several prominent buildings. [ILLUSTRATION OMITTED] The Empire State Building offers turnkey construction services for tenants, and pays 100% of brokerage commissions upon lease signing. The Empire State Building is controlled by Empire State Building Company, a partnership of the Malkin family and the Helmsley estate, and it is part of the W&H Properties portfolio. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion