[IMGCAP(2)]DeCheser was recently hired by Jones Lang LaSalle tocontinue expanding the firm's New York City presence. In the pastfour months, he has capitalized on his 11-plus years of focus onthe Downtown New York City market by bring in four key assignments.DeCheser tells GlobeSt.com that JLL is running a "highly focused"campaign here in New York City, drawing on his more than 11 yearsin the industry. "We are taking a completely different approach tothe market, not only on the marketplace today, but also lookingback historically…and looking forward on what the next cycle willlook like." He continues to note that JLL is taking a tremendousleap forward in how it identifies assets, how it buildsrelationships with clients and how the firm "utilizes its expertiseand service that it can bring to a client. …"

[IMGCAP(3)]DeCheser says that for these assets, there are fivedifferent sellers, but he could not provide their identities atthis time. Each of the assets "offer investors an excellentopportunity to tap into the often hard-to-breach Manhattancommercial real estate market," he says. He tells GlobeSt.com thatproduct is tight, especially in lower Manhattan, and the sellersare—for the most part—looking to take advantage of that. Althoughthe motivation of each seller is different, he says, none of themare distressed sellers.

"All four of these buildings are significantly under-utilizedassets that present substantial value-add opportunity," heexplains. The 35 Walker St. property is a three-story, 24-foot widestore & loft building located on the south side of WalkerStreet between Broadway and Church Street in the TriBeCa EastHistoric District. The 12,500-sf building is currently unoccupiedbut presents a townhome or mixed-use opportunity with additionalair rights. Comparable properties in the neighborhood are garnering$150 more per sf. It is expected to fetch near $5 million. DeChesersays that it already has 30 offers.