Newmark Closes 52,618 SF in Office, Industrial Leases

NEW YORK CITY-New leases for office space on Wall Street and Madison Avenue and a deal for industrial space in Farmingdale, NY were announced this week by New York-based Newmark & Co. Real Estate Inc.

The biggest of the deals is for a 33,108-sf space at 14 Wall St. The tenant is Fleet Meehan Specialists Inc., a subsidiary of FleetBoston Financial Corp. Fleet Meehan will occupy space on the 21st floor of the 37-story tower.

Newmark brokers Ronald Goldberger and Michael Levy acted on behalf of building owner W 12/14 Wall Acquisition Associates LLC. Joseph Harkins of the Staubach Co. and Max Kooper of Schlesinger & Co. brokered for Fleet Meehan. Terms of the lease were not disclosed, though Newmark says it’s a long-term deal. Asking rents in the building are reported to be roughly $40 per sf.