Real Estate Weekly
Image default
Deals & Dealmakers

Engineering firm Deka Immobilien expands at Berkeley Building

JLL has completed an expansion and in-building relocation for building owner Deka Immobilien GmbH at The Berkeley Building, 19 West 44th Street, with Robert Derector Associates.

The engineering firm inked a lease for 33,612 s/f at the Class A, 292,968-square-foot commercial office building.

Deka Immobilien was represented by Barbara Winter and William Korchak, managing directors, both with JLL. The pair worked with HQ Capital Real Estate L.P., which serves as the asset manager of the building for Deka Immobilien.

The tenant was represented by Robert Yaffa, executive managing director, and Wayne Van Aken, vice president, both with Cushman & Wakefield Inc.

“Robert Derector Associates has been a long-term and highly valued tenant at 19 West 44th Street,” said Winter.

“The engineering firm has been very successful during its years at The Berkeley Building and its practice has grown substantially. We worked with the tenant to locate appropriate expansion space within the building and achieve a completely new installation that will suit Robert Derector Associates’ needs for many years to come.”

Robert Derector Associates inked a 15-year leaseand and will occupy a portion of the 11th floor and the entire 12th floor at 19 West 44th Street,. The engineering firm was previously located on the 10th floor of The Berkeley Building.

JLL was named as exclusive commercial office leasing agent, property manager and project manager at The Berkeley Building in late 2012.

The firm spearheaded a capital improvement program, enhancing the property’s lobby and common corridors, modernizing the elevators and upgrading the infrastructure.

Other capital projectsincluded the design and construction of six pre-built office suites, common corridor and restroom renovations, Local Law 11 façade project, a roof replacement and an electrical riser upgrade.

According to Yaffa. “Cushman coordinated a thorough an extensive search in an effort to identify the best possible location for the company. Ultimately, the opportunity to remain in the Berkley Building proved to make the most business sense for RDA because it allowed the firm to expand its presence in a building that it has come to call home.ˮ

(Visited 1 times, 1 visits today)

Related posts

WeWork has its eye on the prize as it finally makes it to NYSE

REW

Cushman & Wakefield acquires 40% stake in Greystone

REW

Production studio JV looking to tap into explosion in content creation

REW