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GlobeSt.com EXCLUSIVE: Salomon Smith Barney to Sublet 334,000-SF Downtown Space

NEW YORK CITY-The financial services giant will sublet 10 floors of newly renovated space in the 1.2 million-sf office tower at the intersection of South and Water Streets, once the southernmost Manhattan skyscraper.

By Glen Thompson | Updated on November 15, 2001

NEW YORK CITY-Financial services giant Salomon Smith Barney is looking for a tenant to sublet the 10 full floors it occupies at 125 Broad St. CB Richard Ellis will handle the transaction.

The firm currently leases floors two through 11 at the 1.2 million-sf building between Water and South Streets. CB Richard Ellis senior vice president John Nugent, vice president Lisa Cear and project manager Chris Adamo will represent the Citigroup Inc subsidiary. The lease “would go out to January 2010,” Nugent tells GlobeSt.com. Asking rent for the space was not disclosed.

According to Nugent, Salomon Smith Barney’s newly renovated space in the 40-story tower is already getting a positive response. “We’ve seen interest on the entire block, from financial services companies and insurance firms,” he says. “It’s a 16-month-old installation with raised floors throughout. The space is in move-in condition. Salomon Smith Barney has made extensive improvements.”

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