Wachovia subleases 1 NY Plaza.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. has completed an expansion and relocation with CrossBorder Solutions for Wachovia Securities at One New York Plaza One New York Plaza is an office building in New York City, built in 1969, and is located at the intersection of South and Whitehall Streets (). It is the southernmost of all Manhattan skyscrapers. . The international tax software company subleased 43,353 square feet at the Class A, 2.5 million-square-foot building for 9 1/2 years. Sublessor Wachovia Securities was represented by John Wheeler, managing director, and Christopher Krantz Krantz is the name of two persons:
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 office. Subtenant sub·ten·ant n. One that rents property, such as land or a house, from a tenant. sub·ten  an·cy n. CrossBorder was represented by Chris Wittmann, vice president, with TechSpace. "CrossBorder Solutions needed additional office space to accommodate its expanding business and also sought to upgrade its corporate image by taking space in a first-class office building," said Wheeler. "We were able to achieve a sublease for the international tax software firm at One New York Plaza that offered attractive economics." CrossBorder Solutions signed for the entire 34th floor at One New York Plaza in its relocation from 360 Park Avenue South. The company expects to occupy its new space in late summer 2005. In the past six months, Jones Lang LaSalle has completed more than 700,000 square feet in subleases for Wachovia at One New York Plaza, which is owned by Trizec Properties. The most notable deal was with Morgan Stanley, which plans to relocate 2,300 employees to the building by year-end 2005. |
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