A global speciality insurer and reinsurer, Hartford Steam Boiler Inspection & Insurance Company, signed a new lease at Savanna’s 100 Wall Street.
The firm was found in 1866 as the “first company in America devoted primarily to industrial safety.” Over the 145 years of service, the firm has grown its inspection force to over 1,200 engineers, inspectors and technical personnel and serves over five million commercial locations throughout the world.
“The Wall Street address has cachet for financial service and insurance companies,” Kevin Hoo, vice president of Savanna, commented, “The superior light and air, efficient floor plates, quality of existing tenancy as well as the high quality of Savanna prebuilt space attracted them to 100 Wall Street.”
The firm will be leasing a 2,427 square foot on the sixth floor. The lease term is set for six years.
David Malawer of Cushman & Wakefield represented the tenant and Mitch Konsker, Scott Cahaly, and Brian Reiver of Jones Long LaSalle represented Savanna in the transaction.
The Jones Long LaSalle team also worked on a recent deal for Four Wood Capital Partners, privately held finance services firm. The firm will occupy a 4,737 square foot space on the 11th floor.
“100 Wall Street is a Class A, 520,000 square-foot building, built in 1969,” Mr. Hoo further added, “Major tenants include NYSE Euronext, AFLAC, US Bank, Harris Beach, Wuersch & Gering and Informa.”