Patience pays off as benefits giant inks 147,000 s/f lease.CitiStreet LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a joint venture of Citigroup and State Street, has signed a long-term lease commitment for 147,000 square feet of office space at Archon Group's 400 Atrium Drive in Franklin Township, New Jersey Franklin Township is the name of some places in the U.S. state of New Jersey:
Sarno, Jon Marks Jon Marks', New Orleans jazz pianist, was born on July 11, 1947 in Portsmouth, England. He died on July 23, 2007 in Berlin, Germany Marks began learning the piano at the age of 7. His brother David Marks (psychologist) played the banjo. and Jeremy Neuer of Cushman & Wakefield of New Jersey, Inc. in Iselin negotiated the transaction. Founded in 2000 and based in Quincy, Massachusetts Quincy is a city in Norfolk County, Massachusetts. It bears the nicknames "The City of Presidents," "City of Legends," "Birthplace of the American Dream."[1] A major part of Metropolitan Boston, Quincy is a member of Boston's Inner Core Committee for the Metropolitan , CitiStreet is one of the largest global benefits delivery firms in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . It has 3,500 employees, serves more than 9 million participants and administers $190 billion in assets in the United States for defined contribution, defined benefit and health and welfare plans of corporate, government, health care, Taft-Hartley and not-for-profit organizations. CitiStreet also serves more than 900,000 participants and administers about $4 billion in assets outside the United States. CitiStreet initially signed a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. for the space at 400 Atrium Drive in October 2003. The firm will relocate its Retirement Services Division from East Brunswick, New Jersey, to the property in February 2005. "Within the context of the soft regional market, Archon Group displayed significant flexibility--by carrying the existing vacancy for a full year--in order to secure this credit worthy tenant at 400 Atrium Drive," Sarno said. "This transaction illustrates the heightened competition between landlords to secure tenants." At the same time, CitiStreet's commitment to relocate, rather than renew at its existing address, illustrates that companies are beginning to dedicate capital dollars to realize the advantages afforded by moving to upgraded space, 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. Sarno. "CitiStreet has grown over time in its current location, and the building no longer fits its needs," Sarno said. "Sensing that the market has begun to turn, CitiStreet took advantage of current rates to achieve long-term savings at 400 Atrium Drive, a Class A building that was formerly occupied by Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. . "CitiStreet's new space provides larger, more efficient floor plates that will be customized for its requirements, including increased facilities for training and conference usage." Sarno, Marks and Neuer were recently appointed as leasing agents for Atrium Corporate Park, the high-profile, 850,000 s/f campus where 400 Atrium Drive is located. The property sits on a 66.68-acre site, one half mile south of the intersection of Interstate 287 Exit 10 and Davidson Avenue. The four-building, Class A complex serves as home to such notable tenants as Merck, Sun Microsystems and Computer Sciences Corporation, among others. |
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