Sigmund Balaban & Company is moving into 6,377 square feet of built-out space at 44 Wall St., vacating its current premises at 40 Broad St. The firm is scheduled to move into the space by the end of the year.
The firm's history is rooted in Wall Street where it began at 37 Wall St. and then moved to 14 Wall St. The new lease at 44 Wall St. is priced at $32 sf. The building owner was asking for rates in the high $30s according to Bernhard Weinstabel, an associate at Insignia/ESG who represented the tenant.
The firm will occupy a portion of the fourth floor of the 23-story, 295,927-sf building. The building's estimated market value is $24.8 million according to final year 2000 figures from the New York City Assessor's office.
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