Insignia/ESG's Snezana Anderson and Bernhard Weinstabel in the firm's Downtown office represented the tenant in the lease negotiations. Cushman & Wakefield's Jonathan Dean negotiated on behalf of owner Swig Burris Equities.
"48 Wall Street is a Class-A boutique property that allows this division of the French Embassy its autonomy," says Anderson. Adds Weinstabel, "In this instance, downsizing to a smaller building was appropriate and as part of the deal, the owner built out the space which, of course, provided a further incentive to move."
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