Fosun Hive Holdings has announced that Frankfurt Kurnit Klein & Selz PC has leased 57,221 square feet of office space at 28 Liberty Street, the iconic, landmarked office tower in Lower Manhattan.

The entertainment and arts-focused law firm is relocating from 488 Madison Avenue in Midtown into the 35th and 36th floors at 28 Liberty in a long-term lease.

“28 Liberty is a world-class office tower standing at the center of a thriving live-work-play neighborhood, and it offers superior office space, dynamic new retail and exciting cultural and community events to the public here,” said Bo Wei, chief executive representative of Fosun International in the U.S. and Vice President of Fosun Hive.

Fosun’s managing director Thomas Costanzo, and associate Isabella Chen, represented the property owner in the transaction. Also representing the property owner were JLL’s Peter Riguardi, chairman and president of the tri-state region; Mitch Konsker, vice chairman; John Wheeler, Michael Berman and Daniel Turkewitz, managing directors; and Eliza Akers, associate. Mitchell Barnett, vice chairman, and Barry Zeller, executive managing director, with Cushman & Wakefield Inc. represented Frankfurt Kurnit.

“Frankfurt Kurnit was looking to expand its offices at a high-end trophy office building that matched its international reputation,” said Wheeler. “Fosun’s comprehensive, $180 million redevelopment of the iconic property created a dynamic environment that is perfect for world-class organizations such as Frankfurt Kurnit.”

Fosun has made a long-term commitment to renovate the 60-story, 2.2 million-square-foot class-A office tower while further connecting it to residents and workers in Lower Manhattan. In addition to building improvements, the company has initiated a series of community events, including a summer movie series and Dine Around Downtown. 28 Liberty’s retail project will create new glass facades at street level to engage pedestrian traffic for some 200,000 square feet of new retail space below the historic 28 Liberty plaza.

Originally One Chase Manhattan Plaza, 28 Liberty was designed by renowned architect Gordon Bunshaft, and was once the headquarters of Chase Manhattan Bank. Given its historical significance, architectural uniqueness and public impact, the building’s plaza was designated as a landmark by the New York City Landmarks Preservation Commission in 2009. Located in the heart of the Wall Street Financial District, the building has a direct connection to six subway lines, providing convenient access to public transportation.

About Fosun

Fosun was founded in 1992. Fosun International Limited is a family-focused multinational company that has been listed on the main board of the Hong Kong Stock Exchange (00656.HK) since 2007, with total assets exceeded RMB560 billion (c.US$85 billion) as of June 30, 2018. With its roots in China, and through technology and innovation, Fosun's mission is to create customer-to-maker (C2M) ecosystems in health, happiness and wealth, providing high-quality products and services for families around the world. For more information, please visit www.fosun.com

About Fosun Hive Holdings

Fosun Hive Holdings is a property investment and management platform for Fosun. Utilizing “Hive City + Global Landscape” as its core strategy, Fosun Hive is dedicated to becoming the world-beating practitioner in its field.

As a hub of industry resources, Fosun Hive consistently strengthens its sector capabilities. Over the years, Fosun Hive has successfully incubated and grown a number of business groups, including Fosun Intelligent Retail Group, Fosun Integrated Care Group, Fosun Commercial Circulation Group, Fosun Infrastructure Group and Fosun Education Group. Fosun Hive will continue to implement the “Hive” strategy, expanding its property development capacities and empowering various Fosun portfolio businesses.

Through deepening and strengthening industry operations, Fosun Hive will continue to invest and grow businesses through more capitalization, globalization and industrialization. Our constituent global platforms and teams include Sunyu Holdings, Golte, Shanghai Resource Property and IDERA, Resolution Property, PAREF, Four Trees, Everest, Rio Bravo (RE?and Fosun Eurasia. Our strategy will continue to nurture an expanding business clusters.

Going forward, Fosun Hive will strive for the implementation of Hive strategy, which enables Fosun portfolio companies to acquire, operate and optimize major projects. Fosun Hive will also focus on the opportunities created through upgrades of global urban centers. With ONE FOSUN, the integrated center of excellence in creating world-class products and services, Fosun Hive will serve the happiness of every client’s family around the world.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 86,000 as of June 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.