JLL, Clausen Miller PC, Fitapelli & Schaffer, LLP & Treeview Real Estate Advisors LPSign On in Landmarked Tower
Fosun Property Holdings has leased a combined 40,000 square feet of space in four transactions at 28 Liberty, the iconic, landmarked office tower in the center of Lower Manhattan.
Commercial real estate services firm JLL has signed a new lease for 10,000 square feet of space on the 30th floor to accommodate its expanding Lower Manhattan office,and global insurance litigation firm Clausen Miller PC has signed a renewal lease for 21,000 square feet of space on the 39th floor of the property. At the same time, employment law firm Fitapelli& Schaffer, LLP leased 6,000 square feet of space and Treeview Real Estate Advisors LPleased 4,000 square feet of space; both are new leases in pre-built space on the 30th floor.
“We are pleased to welcome these firms at an exciting time of transformation for the building,” said Erik Horvat, managing director at Fosun Property Holdings. “JLL’s commitment to 28 Liberty demonstrates the appeal of this iconic tower.”
Building owner Fosun has made a long-term commitment to the 60-story, 2.2 million-square-foot class-A office tower. Since acquiring 28 Liberty in December 2013, Fosun has initiated a comprehensive repositioning program, including upgrades to the lobby, elevators, and critical infrastructure. Fosun also has launched a retail projectto provide 200,000 square feet of new retail space below the historic 28 Liberty plaza. The retail project provides multiple new retail access points and creates glass facades at street level to engage pedestrian traffic and open sightlines to create a more dynamic visual experience.The plan will restore the iconic property’s position in Lower Manhattan while further connecting it to residents and workers in the neighborhood.
Tom Costanzo, director of leasing for Fosun, represented the property owner in the transactions.
Originally One Chase Manhattan Plaza, 28 Liberty was designed by renowned architect Gordon Bunshaft, and was once the headquarters of Chase Manhattan Bank. In 1961, David Rockefeller, as head of the bank’s building committee, selected the site and oversaw its construction. Given its historical significance, architectural uniqueness and public impact, One Chase Manhattan Plaza was designated as a landmark by the New York City Landmarks Preservation Commission in 2009. This historically significant building is situated within the heart of the Wall Street Financial District, with modern amenities and direct connection to six subway lines, providing convenient access to public transportation.
About Fosun International
Fosun was founded in 1992 in Shanghai. Fosun International Limited (00656.HK) was listed on the Main Board of The Stock Exchange of Hong Kong Limited on 16 July 2007. Fosun has persistently taken root in China, investing in China’s growth fundamentals. It has been actively implementing its investment model of “Combining China’s Growth Momentum with Global Resources.” Fosun is dedicated to making major strides toward becoming a world-class investment group underpinned by the twin drivers of “insurance-oriented comprehensive financial capability” and “global industrial integration capability taking root in China.” Today, Fosun’s businesses include two major segments, integrated finance and industrial operations. For more information, please visit www.fosun.com.
About Fosun Property Holdings
Fosun Property Holdings is the property investment and management platform of Fosun Group. Fosun Property Holdings holds a number of development and operation entities including Forte, Star Capital, Sunyu Capital, Stater Capital, Sungin Capital, IDERA, Sunvision, Star Castle, Resource Property and Oriental Merchant to provide comprehensive service to meet development and construction demand for urban upgrades in China. In 2013, Fosun Property Holdings acquired its position as a leading globalized property investment and development enterprise in China having exposure in 26 cities across China with assets under management reaching RMB 140 billion. Globally, Fosun Property Holdings set focus on property development, landmark building and asset management company acquisition. It is also well connected with insurance capital to ensure its presence in New York, London, Tokyo, Hong Kong & Europe.
For more information: http://www.fosunproperty.com
