1. CLIENT RECOMMENDATIONS
Jeff Pollack
Chief Operating Officer
Mizuho Securities USA
“I have the pleasure of working with Jim on a couple of projects. He has been
my broker and the broker on the other side of a transaction I have worked on. I
find him professional, personable and incredibly effective. I highly recommend
Jim as a capable and effective agent.” July 2010
Bill Lewis
Vice President – Facilities, Corporate Services,
and Associate General Counsel
EmblemHealth, Inc.
“Jim is diligent in his work, researching and creating opportunities in a
challenging environment. He has shown great patience during the coarse of our
space search, as our internal requirement changed frequently before being
finalized. He has represented our interest quite professionally and with the
highest level of integrity.” March 2009
James Pirot
Executive Director of Facilities
School of Visual Arts
“Jim is an extremely diligent team player. He understands the structure and the
various moving parts of a simple and complicated transaction. I would certain
recommend Jim and use him for future transactions.” July 2010
Greg Besner
Chief Financial Officer
SecondMarket Holdings
“I had the opportunity to work with Jim last year and I highly recommend him.”
August 9, 2010
Tony Signore
Chief Executive Officer
Taylor Global
“Jim was extremely diligent and found us a spectacular space at The Empire
State Building. He negotiated a great deal for Taylor and I would highly
recommend him to others.” May 2008
For more information, contact
Jim Wenk
+ 1 212 418 2611
jim.wenk@am.jll.com
www.us.joneslanglasalle.com/ny
2. Classifieds
Digital Edition
Calendar
Home > Real Estate > Rubies lands major tenant in Melville
Rubies lands major tenant in Melville
by David Winzelberg
Published: October 21, 2010
Tags: Quinlan Financial Group, Real Estate, Rubie Corporate Plaza
Quinlan Financial Group, part of the Northwestern Mutual financial network, has signed a long term lease for the entire
31,000-square-foot second floor of the new Rubie Corporate Plaza on the corner of Route 110 and the Long Island
Expressway in Melville.
Quinlan, presently in Commack, had considered a move to Nassau County but decided to land at the area’s newest office
building. The company expects to take occupancy in mid 2011 and bring more than 100 employees.
The new 135,000-square-foot steel and glass office building, designed by Mojo Stumer Associates in Greenvale, features
a suspended three-story glass staircase that connects the plaza level with the lobby and the second floor of the four-story
building. A cascading wall of water adjoins a “living wall” of plantings over a flood-lit pool.
James Wenk, a senior vice president with Jones Lang LaSalle represented Quinlan in the negotiations and Kathleen
Giamo, a principal of the Giamo Group, represented the landlord Broadhollow Associates, a subsidiary of Rubies
Costume Company.
Foreclosures to hurt home prices > < Lawrence renews 75,000 SF in Bay Shore
Search powered by Google
Page 2 of 7Long Island Business News » Rubies lands major tenant in Melville
10/24/2010http://libn.com/blog/2010/10/21/rubies-lands-major-tenant-in-melville/
3. Email Address
SUBMIT
SPECIALS: August Hamptons Guide, Luxury Rentals Summer 2010, Neighborhood Spotlight: Long Island City, Playground Fall 2010
HOT TOPICS: Andrew Cuomo, Goldman Sachs, The Wall Street Journal, Newsweek, U.S. Open
Login Register Subscribe Today
Search...
Trading Firm Takes Two Floors of Old
JPMorgan Space
By Laura Kusisto
August 16, 2010 | 6:14 p.m
320 Park Avenue
Concluding a search that was, to say the
least, exhaustive, Mizuho Securities
USA will take 69,000 square feet at 320
Park Avenue.
The trading firm vetted every top-tier office
building in midtown, Paul Formichelli of
+EnlargeProperty Shark
Jones Lang LaSalle told The Commercial
Observer. "The company needed to be in a building that fit its image but that could
handle a modern trading firm," including a backup generator.
That ruled out much of midtown's aging office space. But the firm eventually settled on
the Mutual of America building, which was renovated 15 years ago. The building offers
the "infrastructure, location and overall look" Mizuho was looking for, Mr. Formichelli
said.
Following a yearlong negotiation, Mizuho signed a 10-year deal to sublease the 11th and
12th floors from JPMorgan, which has been trying to shed 140,000 square feet of space
in the building since acquiring Bear Stearns. The tenant was able to get "one of the best,
if not the best" deals on the space, according Mr. Formichelli.
The asking rent was $60 per square foot.
Mr. Formichelli represented the tenant, along with Jim Wenk, also of Jones Lang
LaSalle. JPMorgan was represented by Richard Bernstein, Ralph Giordano and
Adam Ardise of Cassidy Turley.
lkusisto@observer.com
TAGS: COMMERCIAL OBSERVER | REAL ESTATE | THE DAILY TRANSOM | 320 PARK AVENUE | LEASE BEAT | MIZUHO
SECURITIES USA
4 Recommend Be the first of your friends to recommend this.
MOST READ REAL ESTATE
STORIES
1. Stuy Town Financing, Made Lucid
2. Barnes & Noble to Close Lincoln Center Shop
3. New Yorkers Say Islamic Center Should Move
Elsewhere
4. In Deed! Leona's Lair Sells at Discount; Frasier
Wants Out of 15 CPW
5. The Question Every New York Tenant Wants
Answered... Answered!
6. Evening Links: Cushman's Loss; Fox News in
BK; A Sunny Hotel
7. It's Free to Look: 79 East 79th Street
8. In Deed! Tiger Moves Downtown; Two If by Sea
Owner Buys Some Land
9. Ackman/Winthrop on Stuy Town Foreclosure:
Yes We Can
10. Morning Links: Private Eyes; Carnegie 57; Tamir
Sapir; Bedbugs
Stay up-to-date with
Observer.com
Newsletters!
EMAIL PRINT
MORE...
Page 1 of 3Trading Firm Takes Two Floors of Old JPMorgan Space | The New York ...
8/31/2010http://www.observer.com/2010/commercial-observer/trading-firm-takes-tw...
4. ** Will print automatically! If it doesn't,click here. **
This real estate deal can be found at:
http://www.crainsnewyork.com/apps/pbcs.dll/dcce?
Site=CN&Date=20100706&Module=12&Kategori=real_estate&Type=deals_active&ID=2448937&class=122
Janney Montgomery expands midtown office
Philly-based brokerage signs up for an entire floor at 575 Lexington Ave.
By Theresa Agovino
Published: July 06, 2010
Janney Montgomery Scott is renewing its lease and expanding its footprint at 575 Lexington Ave., between East 51st and East 52nd
streets.
The Philadelphia-based financial services firm inked a seven-year deal for nearly 22,250 square feet in the tower owned by Silverstein
Properties. Asking rent for the deal, which covers the entire 15th floor, was $55 a square foot.
The firm is currently located in a 16,000-square-foot spread on the 34th and 35th floors. It is expected to relocate in November.
Janney Montgomery opted to stay in the building because it could have a full-floor presence at a cost-effective rent, according to broker
Jimmy Wenk of Jones Lang LaSalle, who represented the firm with his colleague Paul Formichelli.
Silverstein Properties was represented in-house by Roger Silverstein, senior vice president of leasing, and Jeremy Moss, vice president
and director of leasing.
“Having renewals plus expansions is good for the building and it is good for the economy,” says Mr. Moss.
Details
Tenant
Janney Montgomery Scott
Tenant brokerage firm
Jones Lang LaSalle
Tenant broker(s)
Jimmy Wenk & Paul Formichelli
Square feet
22,250 sq ft.
Floor
15
Asking rent
$55 per sq ft.
Type of Deal
Renewal
Industry
Commercial Real Estate
Renewal length
Seven years
Neighborhood
Plaza District
Move Date
November 01, 2010
Landlord
Silverstein Properties
Landlord brokerage firm
Page 1 of 2Crains New York Business
8/31/2010http://www.crainsnewyork.com/apps/pbcs.dll/dcce?Site=CN&Date=201007...
6. October 1, 2008
Online Securities Firm Quadruples Space
By Natalie Dolce
NEW YORK CITY-Jones Lang LaSalle has
completed a four-year sublease for
SecondMarket at 26 Broadway. The online
securities firm, which changed its name a few
weeks ago from Restricted Stock Partners in
order to "better reflect the direction of its
business," according to a company release,
subleased 23,538 sf from Broadridge Financial
Solutions at the 650,000-sf building.
26 Broadway
Subtenant SecondMarket was represented by Jim Wenk, senior vice president, with Jones
Lang LaSalle’s New York office. Sublandlord Broadridge Financial Solutions was
represented by Stephen Chasanoff with GVA Williams.
Wenk tells GlobeSt.com that the tenant is relocating to accommodate its "rapid growth."
The firm, which has nearly 50 employees, will quadruple its space in the new headquarter
move. The tenant is relocating to the property from its existing premises at 17 Battery
Place and will occupy a portion of the 12th floor of the building.
Wenk notes that the building is currently 96% leased, but about 85% occupied. Asking
rent was $50 per sf on a direct basis, but Wenk could not provide the aggregate lease
value or taking rent at this time. "The sublease at 26 Broadway was an ideal solution to
allow for growth while not locking the firm into a long-term lease.”
The 26 Broadway building, once headquarters for Standard Oil Co. and John D.
Rockefeller, is owned by Broadway 26 Waterview LLC, and is located between Beaver
Street and Exchange Place. Neighboring tenants at the building include Bank of America
Securities, Gleason & Mathews, Kenny & Stearns, Schlam, Stone & Dolan, Donohue &
Donohue, Ferrex International Inc., Janney Montgomery Scott LLC, NYS Court of
Claims and the Modern Language Association.
7. Mr. Wenk, you and your colleague, Paul Revson, recently closed a deal with Taylor
for the entire 38th floor at the Empire State Building. What prompted you to show
this space?
JW: The Empire State Building's central location was critical for Taylor, but more important, it
makes a statement. With all of the improvements in the works, the property is an ideal fit for a
growing sports marketing firm in the midst of its re-branding program. Simply put, the Empire State
Building's transformation is extremely impressive and great for business.
What sealed the deal for Taylor?
JW: I'd say it was a combination of economics and the opportunity to lease a full tower floor with
great light and views.
What were the leasing negotiations like?
JW: They were tough but fair. Even though I could see that there's been a lot of leasing activity at the building lately, management
responded promptly to our questions and requests. All in all, the negotiations went pretty smoothly.
How would you describe your experiences with W&H?
JW: Very positive. It's clear to me that the representatives of this portfolio deliver on their promises.
Jim Wenk
Nearly 250,000 Square Feet in One Block At 1333 Broadway | Retail on the Radar | Newest W&H Buildings Join in Portfolio's Success | Neighborhood
News: Herald Square and the 34th Street Corridor | Want the Best Views of the Macy's Day Thanksgiving Parade? | Employee Profile: 1333's Matt
Leon | HEARD IN THE HALLWAYS | ESB Full-Floor Tenant Profile: Taylor | The Consolidation Concept: When Less is More | W&H Pre-Builts Are
Leasing at Lightning Speed: At 1359 Broadway, New Units Lease Pre-Construction | 1359 Broadway Receives Another Prestigious Property
Improvement Award | Community Activities Update | TENANTS' CORNER | Kudos for Kohl's Simply Vera Vera Want Line | Spaces in the Spotlight:
Tower Views | Two Tenants Win $1,000 Rewards Through Refer, Lease & Win; One for Second Time | Commissions Available to Pay | Show, Lease
& Win! | Four Tenants Make Crain's List of New York's Largest Publicly Held Companies | Q&A with Jim Wenk, Managing Director, The Staubach
Company | AVAILABLE SPACE
Return to Newsletters
Page 1 of 1W&H TALK
6/2/2008http://www.whpropertiesny.com/fall07/20.html
13. Jim Wenk Client Experience by Industry
College / University: School of Visual Arts Government: Long Island DDSO
The Kings College NY State OMRDD
United States GSA
Financial: Pequot Capital Management
The Royal Bank of Scotland Engineering: Arcadis G&M
Citigroup
Bear Stearns Food / Beverage: Barton / Crown Imports
Janney Montgomery Scott
Lincoln Financial Group Distribution: Patterson Medical
CRT Capital Management Patterson Dental
Andor Capital Management Lonestar Distribution
River Run Capital Management
Mizuho Securities HR Staffing: Snelling & Snelling
Ampere Capital Management
Safdie ISC Oil & Gas: ExxonMobil
Guggenheim Partners
Red Stone Partners Printing: Williams Lea
SecondMarket
Webster Bank Not-For-Profit: Natural Resources Defense Council
Merc Partners NeighborWorks
Hales & Co.
PrinceRidge Holdings Software: Cadence Design Systems
Tandem Global Fidessa
Ingres Corporation
Entertainment: HIT Entertainment National Support Services
WorldNow
Public Relations: Taylor Global
Real Estate: Atria Senior Living Group
BioPharma: Accentia Biopharmaceuticals
Communications: Ericsson
Insurance: AXA Corporate Solutions Re Aegis Communications
William Penn Insurance Sprint / Nextel
EmblemHealth
Northwestern Mutual Life
HCC Insurance
For more information, contact
Jim Wenk
+ 1 212 418 2611
jim.wenk@am.jll.com
www.us.joneslanglasalle.com/ny
14. Company RSF Location / Address City State Transaction Type
Kings College 252 Acres Sterling Mine Road Tuxedo Park NY Land Sale
Royal Bank of Scotland Group 202,000 181,208,262 Harbor Drive Stamford CT Lease Termination
Andor Capital Management 146,353 1 American Way Greenwich CT Lease Acquisition
Travelers Insurance 90,000 100 Baylis Road Melville NY Lease Renewal
Bear Stearns Prime Brokerage 90,000 909 Third Avenue New York NY Lease Acquisition
Citigroup 90,000 153 East 53rd Street New York NY Lease Renewal
CRT Capital Management 84,500 262 Harbor Drive Stamford CT Lease Renewal
Mizuho Securities USA 69,000 320 Park Avenue New York NY Lease Acquisition
CA Technologies 50,000 1 CA Plaza Islandia NY Sublease Disposition
AXA Corporate Solutions Re 50,000 17 State Street New York NY Sublease Disposition
School of Visual Arts 32,691 47 Third Avenue New York NY Lease Acquisition
Northwestern Mutual Life Insurance 30,466 400 Broadhollow Road Melville NY Lease Acquisition
ADC Broadband Communications 30,006 2 Enterprise Drive Shelton CT Lease Renewal
School of Visual Arts 30,000 101 Ludlow Street New York NY Sublease Disposition
HIT Entertainment 30,000 230 Park Avenue South New York NY Lease Acquisition
Pequot Capital Management 29,148 153 East 53rd Street New York NY Lease Expansion
Fleet Securities 26,400 40 Rector Street New York NY Sublease Disposition
WorldNow 26,000 Metlife Plaza Long Island City NY Lease Acquisition
Janney Montgomery Scott, LLC 25,000 26 Broadway New York NY Lease Restructure
Transamerica 25,000 58 South Service Road Melville NY Lease Acquisition
Taylor Global 30,000 350 Fifth Avenue New York NY Lease Acquisition
Aegis Communications Group, Inc. 24,098 80 Broad Street New York NY Lease Acquisition
Andor Capital Management 23,791 4 Stamford Plaza Stamford CT Lease Acquisition
Secondmarket 25,000 26 Broadway New York NY Lease Acquisition
HIP Health Insurance Plan of NY 23,000 345 Schermerhorn Street Brooklyn NY Appraisal
Williams Lea 22,600 1 Dag Hammarskold Plaza New York NY Lease Acquisition
Accentia Biopharaceuticals 22,437 2 Huntington Quadrangle Melville NY Sublease Disposition
Janney Montgomery Scott, LLC 22,250 575 Lexington Avenue New York NY Lease Acquisition
Natural Resources Defense Council 21,400 40 West 20th Street New York NY Sublease Disposition
SprintNextel of NY 20,940 99 Quentin Roosevelt Blvd. Garden City NY Lease Renewal
HIP Health Insurance Plan of NY 20,000 43-25 Hunter Street Long Island City NY Appraisal
Medical Logistics 19,000 47-50 Van Dam Street Long Island City NY Lease Acquisition
HIP Health Insurance Plan of NY 18,555 590 Fifth Avenue New York NY Lease Acquisition
Cadence Design Systems, Inc. 16,090 701 Grant Avenue Kingston NY Lease Acquisition
Lincoln Financial Group 15,829 6900 Jericho Tpke Syosset NY Lease Renewal
Janney Montgomery Scott, LLC 14,654 1001 Franklin Avenue Garden City NY Lease Acquisition
Ingres Corporation 14,275 2950 Expressway Drive South Islandia NY Lease Acquisition
Banque Safdie ISC 14,197 320 Park Avenue New York NY Sublease Disposition
AXA Corporate Solutions Re 13,913 17 State Street New York NY Lease Acquisition
Royal Bank of Scotland Group 13,800 262 Harbor Drive Stamford CT Sublease Disposition
Ampere Capital Management L.P. 13,473 75 Rockefeller Plaza New York NY Lease Acquisition
Guggenheim Partners 13,121 28 Thorndal Circle Darien CT Lease Acquisition
New York State OMRDD 13,112 90 Crossways Park Drive West Woodbury NY Lease Acquisition
KCF Distribution 13,100 200 Cascade Blvd. Milford CT Lease Renewal
US Army Corp of Engineers 12,805 990 Stewart Avenue Garden City NY Lease Acquisition
Patterson Dental 12,010 4 Executive Plaza Yonkers NY Lease Acquisition
Patterson Dental 12,010 4 Executive Plaza Yonkers NY Sublease Disposition
The King's College 11,880 330 Fifth Avenue New York NY Lease Acquisition
Williams Lea 11,437 187 Danbury Road Wilton CT Sublease Disposition
Ingres Corporation 11,000 9 West 57th Street New York NY Lease Acquisition
Jim Wenk Transaction List
15. Company RSF Location / Address City State Transaction Type
Janney Montgomery Scott, LLC 10,618 324 South Service Road Melville NY Lease Acquisition
Patterson Dental 10,400 15 Michael Avenue East Farmingdale NY Lease Acquisition
Cable & Wireless 10,306 909 Third Avenue New York NY Sublease Disposition
National Support Services 10,000 105 Maxess Road Melville NY Lease Acquisition
Tandem Global 10,000 767 Fifth Avenue New York NY Lease Acquisition
Manhattan Physicians Group (HIP) 9,300 1212 Avenue of the Americas New York NY Lease Acquisition
Lincoln Financial Group 9,208 800 Westchester Avenue Rye Brook NY Lease Acquisition
Arcadis G&M 9,173 2 Huntington Quadrangle Melville NY Lease Acquisition
Banque Safdie ISC 8,670 360 Madison Avenue New York NY Lease Acquisition
Verity 8,615 230 West 41st Street New York NY Lease Acquisition
Red Stone Partners LLC 8,150 2 Grand Central Tower New York NY Lease Acquisition
Synovate 7,450 1775 Broadway New York NY Sublease Disposition
Cozen O'Conner 7,379 40 Wall Street New York NY Sublease Disposition
Ericsson, Inc. 6,703 1114 Avenue of the Americas New York NY Lease Acquisition
Wilmington Finance, inc. 6,600 One Huntington Quadrangle Melville NY Lease Acquisition
KCF Distribution 6,562 200 Cascade Blvd. Milford CT Lease Acquisition
NeighborWorks 5,900 125 Maiden Lane New York NY Lease Renewal
Barton / Crown Imports 5,189 2 Landmark Square Stamford CT Lease Acquisition
Atria Senior Living Group 5,022 58 South Service Road Melville NY Lease Acquisition
SprintNextel of NY 5,000 222-15 Northern Blvd. Bayside NY Lease Renewal
Janney Montgomery Scott, LLC 4,950 1010 Northern Blvd. Great Neck NY Lease Acquisition
Ericsson, Inc. 4,750 55 Broad Street New York NY Sublease Disposition
Janney Montgomery Scott, LLC 4,700 660 White Plains Road Tarrytown NY Lease Renewal
Lincoln Financial Group 4,278 185 Route 312 Brewster NY Lease Acquisition
Ericsson, Inc. 3,791 100 Park Avenue New York NY Lease Renewal
Annaly Mortgage Management 3,510 12 East 41st Street New York NY Sublease Disposition
Webster Bank 3,500 1050 Franklin Avenue Garden City NY Lease Acquisition
Verity 3,470 132 West 31st Street New York NY Sublease Disposition
Snelling & Snelling, Inc. 3,222 150 Broadway New York NY Lease Renewal
Lincoln Financial Group 2,800 185 Route 312 Brewster NY Lease Renewal
HCC / U.S. Specialty Insurance Co. 2,625 135 Pinelawn Road Melville NY Lease Renewal
HCC / U.S. Specialty Insurance Co. 2,625 135 Pinelawn Road Melville NY Lease Acquisition
Merc Partners 2,508 111 Great Neck Road Great Neck NY Lease Acquisition
Ericsson, Inc. 2,396 55 Broad Street New York NY Sublease Disposition
PowerOne Media, Inc. 2,396 55 Broad Street New York NY Lease Acquisition
Exxon Mobile 1,500 1400 Old Country Road Westbury NY Lease Renewal
Jim Wenk Transaction List cont'd
For more information, contact
Jim Wenk
+ 1 212 418 2611
jim.wenk@am.jll.com
www.us.joneslanglasalle.com/ny