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PRUDENTIAL SECURITIES IN SECOND-LARGEST LEASE TRANSACTION IN THE HISTORY OF NEW YORK CITY; USES JOSEPH HILTON & ASSOCIATES AS EXCLUSIVE BROKER

PRUDENTIAL SECURITIES IN SECOND-LARGEST LEASE TRANSACTION IN THE HISTORY OF NEW YORK CITY; USES JOSEPH HILTON & ASSOCIATES AS EXCLUSIVE BROKER
 The exclusive broker in today's Prudential Securities announcement consolidating 5,000 Wall Street-area employees into two downtown Manhattan financial district locations is Joseph Hilton & Associates.
 According to New York City Mayor David N. Dinkins, this is the second largest lease transaction in the history of New York City.
 Joseph Hilton, president of Joseph Hilton and Associates (phone: 212-319-8999) is available to discuss how:
 -- This Prudential decision was five years in the making.
 -- Prudential, one of the giants in the industry looked to a boutique like Joseph Hilton and Associates for help on their own real estate deal
 -- For Prudential, Joseph Hilton and Associates was titled the exclusive broker but really functioned as project managers.
 -- The Joseph Hilton and Associates relationship with Prudential is an example of the changing role of commercial brokers.
 CONTACT: Joseph Hilton of Joseph Hilton and Associates, 212-319-8999.
 -0- 8/5/92


CO: Joseph Hilton & Associates Incorporated ST: New York IN: SU:

LR-SB -- NY075 -- 7221 08/05/92 15:52 EDT
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Publication:PR Newswire
Date:Aug 5, 1992
Words:184
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