March – Briefs/Leasing & Management

HSBC Signs Record-Setting FM Contract; Denihan Hospitality to Manage Midtown Manhattan Hotel; Patton Boggs Renews 206 KSF Lease in D.C.; CBRE Adds 13 MSF to Management Portfolio with Atlanta Acquisition; JLL Tapped to Lease 1.1 MSF Seattle Office; NGKF Represents Drexel University in 186 KSF Expansion; Tishman Speyer Snags 575 KSF Office Lease with French Government; RXR Realty Signs 99-Year Triple-Net Lease in Rockefeller Center.

HSBC Signs Record-Setting FM Contract

In what is reportedly the largest outsourcing contract of its kind by a financial services firm, Jones Lang LaSalle Inc. has been selected by HSBC as its sole global outsourcing provider of integrated facilities management services. JLL has formed an integrated global account team of experts led by Bill Thummel, managing director of global accounts, along with global managing director Chris Kiernan and global director of operations Ian King, to provide the expanded global account responsibilities to HSBC.

The portfolio totals 58 million square feet and consists of 11,000 sites across North America, Latin America, Asia-Pacific, Europe, the Middle East and Africa. The portfolio includes 6,000 HSBC offices, with the remaining sites comprising buildings such at ATM locations and residential properties.

Denihan Hospitality to Manage Midtown Manhattan Hotel

Denihan Hospitality Group has signed a management agreement with Ark Partners for the 177-room Shoreham hotel, a property located on W. 55th Street in Manhattan. The plan is to convert the asset into an Affinia Hotel in the summer of 2013. The addition gives Denihan a holdings total of 12 luxury and upscale properties in New York City, including 2,577 rooms. The Shoreham features a bar that fronts 55th Street, and also includes catering and event facilities.

Patton Boggs Renews 206 KSF Lease in D.C.

Tishman Speyer has signed Patton Boggs L.L.P. for a 206,000-square-foot lease renewal at 2550 M St., N.W., in Washington, D.C. The lease encompasses the entire building and extends to the 2032 address. Patton Boggs is a full-service law firm with six offices in the United States and three offices overseas. 2250 M St. is located on the dividing line between Georgetown and the West End submarket of Washington, D.C. Patton Boggs first took space in the building in 1978 and has occupied substantially all of the building since 1999.

CBRE Adds 13 MSF to Management Portfolio with Atlanta Acquisition

CBRE Group Inc. has acquired the commercial real estate services businesses of Atlanta-based Resource Real Estate Partners L.L.C. and TPA Realty Services L.L.C. The purchase adds more than 13 million square feet of office and industrial assets to the company’s Atlanta property management portfolio. The deal also brings approximately 70 employees on board, including key leasing and investment sales professionals, property managers, building engineers and support staff.

JLL Tapped to Lease 1.1 MSF Seattle Office

Clarion Partners and MetLife have selected Jones Lang LaSalle Inc. as the leasing agent for 1201 Third Ave. in Seattle. The property is a 1.1 million-square-foot, Class A downtown office tower. The Kohn Pedersen Fox-designed 55-story building is the second tallest on the skyline. It achieved a LEED Platinum certification in 2010 and is Energy Star rated at 96. The 1988-built property also features 33,000 feet of retail and six levels of below-ground parking with more than 800 spots. The partnership acquired the asset in December 2012.

NGKF Represents Drexel University in 186 KSF Expansion

In one of the largest leases completed in downtown Philadelphia last year (and the largest expansion by a single tenant), Newmark Grubb Knight Frank represented Drexel University in a 10-year, 186,000-square-foot lease at Three Parkway, a 20-story office property located at 1601 Cherry St. The space will be occupied by Drexel’s College of Nursing and Health Professions and College of Medicine. The university currently occupies 68,000 square feet at Three Parkway, as well as space in nearby buildings surrounding Hahnemann University Hospital, together comprising Drexel’s Center City Campus. Growth of the school’s programs, particularly in the College of Nursing, warranted the lease.

Tishman Speyer Snags 575 KSF Office Lease with French Government

Two French government agencies have signed a lease with Tishman Speyer for the entire 575,000-square-foot, 36-story Tour Esplanade office high-rise in the La Defense district just west of Paris. Financial aspects were not disclosed, but the lease carries a 12-year term. The contract will let the French government consolidate space from five locations by moving the Ministry of Housing and the Ministry of Ecology into the asset. The deal is reportedly the largest in the Paris region in the past year, and the largest in La Defense since 2008.

RXR Realty Signs 99-Year Triple-Net Lease in Rockefeller Center

RXR Realty has signed a 99-year triple-net lease for 75 Rockefeller Plaza in Manhattan. Cushman & Wakefield Inc. represented the owner, 75 Plaza L.L.C. RXR Realty expects to fully renovate and rebrand the building. When complete, it will feature 630,000 rentable square feet and will essentially be the first delivered new construction in Rockefeller Center since 1947. The building has been net leased by Time Warner Corp. since 1993. The ownership initially retained Cushman & Wakefield Inc. as exclusive leasing agent to re-lease the building when Time Warner Corp.’s lease expires in 2014.