Lee & Associates NYC completed a new office lease for Jones Jones LLC at 44 Wall St. in Manhattan’s Financial District.  The law firm signed a 10-year, nine-month lease for 5,311 square feet.

Jones Jones will relocate from its former office at 5 Hanover Square amid the growing number of residential conversions taking place throughout the Financial District, including the planned conversion of 5 Hanover. The firm selected 44 Wall St. to remain in Lower Manhattan, citing the neighborhood’s accessibility, extensive transportation options, dining and retail amenities and strong value proposition for office tenants. 

The landlord was represented by George Comfort & Sons’ Alexander Bermingham.  Tenant representation was handled by Todd Korren and Noah Caspi of Lee NYC. 

“Lower Manhattan continues to attract tenants seeking quality office space at a strong value, particularly as older office properties throughout the neighborhood undergo residential conversions,” said Korren.  “Jones Jones was focused on remaining in the Financial District, and 44 Wall St. offered an ideal combination of location, accessibility and efficiency for the firm’s next chapter.”

Dallas-based real estate investment firm Lloyd Jones has acquired Brightview Baldwin Park, a senior living community in Staunton, VA. The 136-unit property, which offers independent living, assisted living, and memory care, was purchased from Brightview Senior Living.  

Following the acquisition, it will operate under the Lloyd Jones proprietary Aviva brand as AVIVA Baldwin Park. The property includes two separate three-story structures on a fifteen-acre estate, and Lloyd Jones plans to invest $3.1 million in capital renovations to enhance the facilities. The acquisition is Lloyd Jones’ first senior housing investment of the year. SP Venture Partners is a partner in this investment. 

“To expand the excellent reputation of Baldwin Park, we have an experienced and loving on-site team in place, backed by the full resources of both AVIVA Senior Living and Lloyd Jones,” says Christopher Finlay, chairman and CEO of Lloyd Jones.