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Re: Insurance giant moving 800 employees to Downtown Jersey City from Manhattan
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Lefrak must be happy.

Posted on: 2008/2/13 19:20
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Re: Insurance giant moving 800 employees to Downtown Jersey City from manhattan
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This was news two weeks ago.

Posted on: 2008/2/13 16:05
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Insurance giant moving 800 employees to Downtown Jersey City from Manhattan
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Insurance giant moving 800 employees to Newport Tower this year

Wednesday, February 13, 2008
By CHARLES HACK
JOURNAL STAFF WRITER

AXA Equitable Life Insurance Co. will be moving around 800 employees from New York to the Newport Tower in Downtown Jersey City by the end of September, a company spokeswoman said yesterday.

The company, which is headquartered at 1290 Sixth Ave. in Manhattan, will occupy office space at the Newport Center Tower, said Lisa Tibbitts, assistant vice president of corporate communications at AXA Equitable.

"We expect 800 employees to move from New York to Jersey City by the end of the third quarter of 2008," Tibbitts said. "Twelve hundred employees will remain at the Avenue of the Americas."

She declined to comment further, but GlobeSt.com reported the tower owner, Manhattan-based Brookfield Properties, confirmed AXA Equitable has signed a 15-year lease for 245,000 square feet - the equivalent of around 10 upper floors of the 36-story tower.

The news service reported that the building is now 98.5 percent occupied. The Newport Tower, at 525 Washington St., was built in 1990 and has 1 million square feet of office space and 34,000 square feet of retail, according to the Brookfield Property Web site.

AXA Equitable is a subsidiary of the financial giant the AXA Group.

Posted on: 2008/2/13 16:03
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AXA Insurance Company Signs 15- year Lease at 36-Story Newport Tower for 245,000 SF
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AXA Takes 245,000 SF in Jersey City

Insurance Company Signs 15- year Lease at 36-Story Newport Tower
Life insurance provider AXA Equitable Life Insurance of New York signed a long-term lease to occupy 244,957 square feet in Newport Tower, at 525 Washington Blvd. in Jersey City, NJ. AXA is slated to take occupancy on a 15-year deal in the third quarter of 2009.

The 36-story, 1 million-square-foot office building was constructed in 1992 in the Newport Office Center, in the Hudson Waterfront submarket.

Ed Duenas and Kevin Daly of Cushman & Wakefield of New Jersey represented the landlord, Brookfield Properties, while Scott Panzer, Steven Rotter and Deborah Van Der Heyden of Newmark Knight Frank represented AXA.

http://www.costar.com/News/Article.as ... 19FE1CCB8026B3BE257BB31B7

Posted on: 2008/1/31 16:18
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