NEW YORK CITY-As a byproduct of pursuing a growth strategy amida downturn, architecture/engineering/construction firm HAKSEngineers has outgrown its current space at the TrumpOrganization’s 40 Wall St. Therefore, it’s adding 10.675 squarefeet to its existing 33,426 square feet in a 10-year leaseexpansion and extension.

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The construction management, engineering, architecture, landsurveying and material-testing firm has occupied the entire 11thfloor of the 72-story Downtown office tower since 2004. HAKS’sexpansion to part of the fourth floor entails a build-out ofturnkey space by Trump, which has also provided a work lettercovering upgrades to the existing space, according to arelease.

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Having positioned itself to take advantage of the Obamaadministration’s stimulus program, HAKS has hired “100 peopleacross all disciplines over the past year,” CFO Shahid Akhtar saysin the release. “We expect to add more people in our constructionmanagement division as a result of the additional public-sectorwork.”

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Most of the new hires are in the field, but the expandedmanagement team will be occupying the additional 40 Wall space,says Akhtar. The two leases are coterminous; asking rents at the1.3-million-square-foot property range from $35 per square foot onlower floors upward to $47 per foot.

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Studley represented HAKs in lease negotiations, with executivemanaging director Marc Shapses, managing director JasonSchwartzenberg and senior managing director Joseph Messina all partof the team. In a statement, Shapses says the deal “came at a goodtime for my client. We have locked in desirable lease rates for thenext 10 years.”

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Independent consultant Jeffrey Lichtenberg and a CB RichardEllis team that included SVP Adam Foster, EVP Bradley Gerla, seniorassociate Michael Higgins, first VP Gregg Rothkin and seniorfinancial analyst Rima Shpolyansky represented Trump. Attorneysinvolved in the deal were Howard Rubin of Geotz Fitzpatrick LLP forthe tenant and George Ross, in-house counsel for the landlord.

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Last month, two additional leases were signed at 40 Wall. Telstra,a telecommunications company, renewed and expanded a 10-year leasefor 14,497 square feet on the property’s 43rd and 44th floors andshipping company Brokerage & Management Corp. signed on for9,263 square feet on the 48th floor.

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