"This lease represents a solid commitment to 48 Wall St. by a strong investment management firm. We are thrilled that the building is now over 50% leased and we are confident that we will hit the 60% mark before the building opens in the next 45 days," says Robert Lowe, director, Cushman & Wakefield. John Cefaly and Jonathan Dean represented the owner, Swig Burris Equities LLC, and Jonathan Weller, also of C&W, spoke for Bristol. Terms were not disclosed.
48 Wall St. is a participant in the Lower Manhattan Revitalization Plan, the Lower Manhattan Energy Plan and the Industrial Commercial Incentive Program, which entitle tenants to economic benefits totaling approximately $5 per sf over the first four years of their lease.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
