Insignia/ESG's Andrew Peretz and Gerry Miovski negotiated the 12-year deal on behalf of American Marine, while Barrett Stern of Murray Hill properties represented building owner 30 Broad Associates LLC. The rent is in the low- to mid-$30s per sf "with a very significant free rent contribution," Stern tells GlobeSt.com.

"Our client was eager to vacate its Wall Street headquarters, but moving anywhere else but downtown was not an option," says Peretz. "It's a good sign for downtown that so many of its commercial residents, who could easily relocate to other parts of Manhattan given the surplus of sublet space available, decide to remain in Lower Manhattan."

Other tenants at the 430,000-square foot building include the New York Stock Exchange, Wall Street Systems, and Utendahl Capital.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.