Cresa Partners, which represented Artisan in the transaction, has not revealed details of the lease. But asking prices for direct space in the building are in the mid-to-high $30s. Asking prices for sublease space have been in the low $30s. ATO Records was represented by Ed Fritsche of Wertheim & Associates.
"The Tribeca commercial leasing market was negatively affected by the terrorist attacks on September 11th, but the climate is improving," says Garett Varricchio, associate at CRESA. "We received five offers within two weeks, a clear demonstration that there is renewed demand for unique office spaces downtown."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
