In a relase, Steven Durels, EVP and director of leasing and real property for building owner SL Green Realty Corp., says the transaction "is further validation of the successful redevelopment of the building." Durels tells GlobeSt.com that Wells Fargo Trade Capital wanted a more efficient space. "They were coming out of a building they'd been in for a number of years, on multiple floors with smaller floorplates," he says. "They've grown during that time; in fact, they had record earnings over the past couple of years. They wanted to maximize their space."

To that end, the new tenant's build-out will aim for efficient use of space. "They were very conscientious about not overspending for their space," Durels says. "Hence, their taking a lease on a low floor--they were not about being at the top of the building." Nonetheless, the Wells Fargo subsidiary was attracted to the higher profile at 100 Park, as well as its pending LEED Silver certification.

James Travers and James Fish of Travers Realty, together with Keith Caggiano of CB Richard Ellis, represented Wells Fargo Trade Capital, while a Cushman & Wakefield team including Paul Glickman, Tara Stacom, Alex Chudoff, Mitti Liebersohn, Diana Biasotti, Jonathan Tootell and Andrew Ackerman acted on behalf of SL Green.