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Downtown Accounting Firm Moves Back to Wall Street, Cites Commitment to Area

NEW YORK CITY-A Downtown accounting firm signs a 10-year-lease on Wall Street, its original home, making a commitment to stay in the neighborhood where it was founded more than 50 years ago.

By Jim Roberts | Updated on October 30, 2001

NEW YORK CITY-A 55-year-old Downtown accounting firm is staying put despite the September 11 attacks, signing a 10-year lease in a 74-year-old building on Wall Street.

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.

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