RFR Realty LLC Announces 28,000 SF of Leasing Activity at 757 Third Avenue, Building Further Momentum at Leading Office Tower in

 RFR Realty LLC Announces 28,000 SF of Leasing Activity at 757 Third Avenue,
 Building Further Momentum at Leading Office Tower in Key Manhattan Corridor

Sister Companies Aerotek, Inc. and TEKsystems, Inc., Headed by Super Bowl
Winning Baltimore Ravens Owner Steve Bisciotti, Expand Footprint on Multiple
Floors

PR Newswire

NEW YORK, May 14, 2013

NEW YORK, May 14, 2013 /PRNewswire/ -- RFR Realty LLC today announced that
sister companies Aerotek, Inc. and TEKsystems, Inc. have leased over 28,000
square feet of office space at 757 Third Avenue, relocating within and
committing to the building as their long-term, New York headquarters. Aerotek
agreed to lease 13,551 square feet on the 8^th Floor, and TEKsystems will take
15,115 square feet on the 12^th Floor. Each company agreed to occupy this
prime Midtown East property for a term of 10 years, and the aggregate value of
the two leases is over $16 million. With these new deals, 757 Third Avenue has
seen over 130,000 square feet of recent leasing activity.

(Photo:http://photos.prnewswire.com/prnh/20130514/PH13564 )

"The RFR team always works hard to provide the best services and amenities
that attract and retain the best quality tenants," said Aby Rosen, Co-Founder
and Principal of RFR Holding LLC. "That's the secret of our success here and
throughout the RFR portfolio. In our level of service and our fine touch with
respect to amenities, modernization, and upkeep, we offer a standout product.
The businesses that choose to locate with RFR have a different and better
experience than they might have elsewhere. The decision by Aerotek and
TEKsystems to relocate within and commit to 757 Third Avenue is a great
example of our success."

Aerotek and TEKsystems, headed by Steve Bisciotti, owner of the Super Bowl
winning Baltimore Ravens, initially moved into the 2^nd floor of 757 Third
Avenue in 1997, before RFR acquired the property in 1999. Since then, the RFR
team has refined and modernized the lobby, upgraded building systems,
incorporated modern art in common spaces, and focused intensely upon customer
service to enhance the appeal of 757 Third Avenue. These concerted efforts to
distinguish the property have been paying off. In addition to Aerotek and
TEKsystems, both of which specialize in personnel and contract staffing
services, several Japanese businesses have recently clustered at 757 Third
Avenue, including NTT America Inc., NTT Docomo USA Inc., Mizuho Alternative
Investments LLC, The Mainichi Newspapers, and Pasona NA Inc.

Asking rents at 757 Third Avenue range from the low $50s per square foot for
the pedestal floors of the property to the low $60s per square foot in the
tower portion. 757 Third Avenue currently offers two separate
90,000-square-foot blocks of contiguous space. Only one other property on
Third Avenue is currently offering such a substantial footprint for a major
tenant.

A team of brokers from Cassidy Turley's New York and Baltimore offices,
including L. Jamie Smith, Michael Norris and Jonathan Schindler, represented
Aerotek and TEKsystems in the transactions. Representatives of RFR Realty were
Steve Morrows, Executive Vice President and Director of Leasing for RFR
Realty, and a team from Jones Lang LaSalle led by Mitchell Konsker and
Alexander Chudnoff.

About RFR

RFR is a fully integrated real estate investment firm based in New York City
with a core focus on select urban markets in the United States and Germany.
Founded by Aby Rosen and Michael Fuchs in the early 1990's, the firm has been
an active force in the New York City and German real estate market for much of
the past two decades. RFR's portfolio has grown to include more than 100
properties located in select domestic and international markets. While its
property portfolio is anchored in the Manhattan and key German commercial
markets, RFR also has significant commercial, residential, hotel, and retail
holdings. RFR has a proven track record of adding significant value to the
properties it acquires through property-level repositioning and strategic
financial engineering. RFR has created an organization with deep experience in
all phases of the property life cycle and is positioned to take advantage of
market opportunities.

Contact:
Great Ink Communications, Ltd. – 212-741-2977
Roxanne Donovan (Email)
Eric Waters (Email)
Alyson Leiter (Email)

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SOURCE RFR Realty LLC
 
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