A source close to the deal tells GlobeSt.com that the tenant has leased at the property since as early as 1978. The source adds that asking rent at the building currently ranges from $48 to $53 per rentable sf, depending on the location.
"It is a wonderful show of support for Downtown Manhattan to have our city's Law Department exercise their option to remain at 100 Church St.," says Alex Sapir, president of the locally based Sapir Organization. "We are pleased that the New York City Law Department remains on our tenant roster and we are confident that we will continue to enjoy a long and harmonious relationship."
The building, which was built in 1958, is currently in the midst of a major capital improvement program encompassing structural, building, window replacements, and mechanical upgrades, as well as aesthetic enhancements to the common area spaces. CB Richard Ellis is the appointed exclusive leasing and property management agent for the 21-story 1.1-million-sf multi-tenant office building.
The building was designed by the noted architectural firm of Emery Roth & Sons. The source tells GlobeSt.com that other prominent tenants include Niche Media Holdings LLC, Bank of America in the retail space, and Estee Lauder.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
