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Investment Advisor Leases 28,000 SF

NEW YORK CITY-The 10-year, eight-month lease leaves only 16,000 sf vacant in the 293,000-sf building.

By Katie Hinderer | Updated on December 20, 2006

NEW YORK CITY-Investment advisor First Investors Management Co. Inc. will be moving its headquarters across the street now that it has leased 28,000 sf at 110 Wall St. The Rudin family owns the 27-story building.

The 10-year, eight-month lease will give the company the entire fourth floor and part of the fifth floor. It plans to relocate its headquarters from 95 Wall St. in June.

The rental rate was not disclosed for the deal, but according to Rudin Management Co.’s website asking rent on the fourth and fifth floor is $35 per sf plus electric. This deal leaves only 16,000 sf vacant in the 292,627-sf property.

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