Holly Duran Real Estate Partners Represents CME Group in Lease Transaction for New Asian Headquarters in Singapore

Wed Nov 4, 2009 3:00pm EST
 
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Holly Duran Real Estate Partners Represents CME Group in Lease Transaction for
New Asian Headquarters in Singapore





CHICAGO and SINGAPORE, Nov. 4 /PRNewswire/ -- Holly Duran Real Estate Partners
LLC (HDREP) announced today that the firm represented CME Group, the world's
largest and most diverse derivatives exchange, in leasing new office space in
Singapore.  

The office, which occupies space in one of Singapore's most prestigious
buildings, the Singapore Land Tower, now serves as its Asian headquarters. 
Strategically located in Singapore's central business district, the 4,000
square-foot space is on the top floor of the tower.

Rich Schulz of HDREP represented the exchange in the transaction.  He said: 
"We were able to negotiate very favorable terms that secured flexibility for
CME Group and ensured room for growth in this region that is key to the
exchange's global strategy.  We identified an opportunity in which an existing
tenant was looking to terminate its lease early, and we capitalized on the
infrastructure, build-out and furniture in place to get our client a great
deal in a first-class building."

"Locating our Asian headquarters in Singapore was a strategic decision for us
as we looked to centralize our sales team and operations," said C.F. Wong,
Managing Director, Asia for CME Group.  "We have a long-standing history of
doing business in Asia and in particular with customers in Singapore.  As we
continue to grow our business throughout the region, having our operations
prepared for growth is imperative."

Since 1980, Holly Duran, principal of HDREP, has served as the global real
estate advisor to CME Group.  In the past four years, Duran and her team have
negotiated domestic and international transactions for CME Group representing
more than 1 million square feet, while also managing the real estate
transitions associated with the firm's merger with CBOT and acquisition of the
New York Mercantile Exchange.

The boutique firm represents more futures-related business than any other real
estate advisor in Chicago.  HDREP finds space and negotiates transactions for
clients on a global basis, supported by a network of carefully selected
pre-eminent local real estate providers in domestic and international markets.

About Holly Duran Real Estate Partners

Based in Chicago, Holly Duran Real Estate Partners LLC (www.hdrealestate.com)
is a global real estate strategy and services firm dedicated to providing
innovative, cost-efficient solutions to commercial tenants. The firm has
represented clients and completed transactions in over 50 cities, 26 states
and 10 countries, negotiating transactions and managing lease issues for
clients ranging from one-person operations to international lease portfolios.
HDREP provides a full scope of real estate services, including brokerage,
investment sales, acquisitions and dispositions, development, real estate tax
consulting, real estate finance and analysis, real estate valuation/appraisal
and project management. In addition to the futures industry, the firm
represents clients in the financial, legal and entertainment industries.
Clients include CME Group, MF Global, Rosenthal Collins Group, Brookfield
Redding, TBA Global and McDermott Will & Emery.




SOURCE  Holly Duran Real Estate Partners LLC

Ellen G. Resnick, Crystal Clear Communications, +1-773-929-9292;
+1-312-399-9295 (cell), eresnick@crystalclearPR.com

 

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