JLL May Be The Newest Manhattan Brokerage Moving To Brooklyn

Photo credit: Google Maps

JLL's nearing a deal to open its first Brooklyn location at RXR Realty’s 47 Hall St.

The deal isn’t finalized, but the global brokerage firm is expected to be in the new space within 12 to 18 months. RXR bought the 666k SF former industrial building with Westbrook Partners in March for $161M, and is converting the building into an office, the Commercial Observer reports.

JLL will be the most recent Manhattan brokerage to open a Brooklyn office. Cushman & Wakefield, for example, obtained Massey Knakal Realty Services’ Montague Street HQ when it acquired Massey Knakal in 2014, but eventually abandoned the space when it moved to the 15k SF 1 Pierrepont Plaza.

In July, Newmark Grubb Knight Frank opened an office at 55 Prospect St in Dumbo, and ABS Real Estate Partners—which handles Brooklyn deals from its 200 Park Ave S office—opened a new HQ at 99 Scott Ave in Bushwick. Of course, brokerages like CPEX have been in Brooklyn all along. [CO]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject