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Insurer consolidates 4 Manhattan locales.

The international insurance firm Rollins Hudig Hall Inc. has subleased 172,000 square feet of space at Two World Trade Center.

The commitment is one of the year's largest Downtown, and represents a major consolidation for Rollins Hudig Hall, which had previously been housed in four Midtown and Downtown offices.

Rollins Hudig Hall, an international insurance brokerage and reinsurance company, is subletting its space at Two World Trade Center from Smith Barney/Shearson, and will occupy all of floors 102, 103 and 105 as well as part of 104. The sublease has a term of eight years, seven months.

Rollins Hudig Hall was represented in the Two World Trade transaction by ESG's Michael Geoghegan, consulting director, Carol Nelson, executive vice president, Bruce E. Surry, managing director, and Mary Ann Tighe, executive managing director.

The consolidation is prompted by the combining of the operations of Frank B. Hall Co. and Rollins Burdick Hunter. The company is currently occupying space at 605 Third Avenue, 261 Madison Avenue, 88 Pine Street and One Liberty Plaza. The consolidation at Two World Trade Center will involve some 650 employees.

Separately, ESG has negotiated a sublease of Rollins Hudig Hall's former space at 605 Third Avenue. In an expansion move, Neuberger & Berman, a current tenant in the building, will sublease 58,000 square feet for a term seven years, coupled with a long-term extension.

The ESG team that negotiated the 605 Third Avenue sublease, on behalf of Rollins Hudig Hall, comprised David Berkey, Richard Karson, managing director, Carol Nelson, executive vice president, and Mary Ann Tighe, executive managing director.
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Title Annotation:Rollins Hudig Hall Group Inc. subleases commercial space at Two World Trade Center, New York, New York
Publication:Real Estate Weekly
Date:Sep 29, 1993
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