The law firm of Conway, Farrell, Curtin & Kelly P.C., an investment and management firm based in New York City, signed an 8,800-square-feet lease renewal for 10 years at 48 Wall Street, it was announced last week.
The asking rent was in the mid to high 30s per square foot (a spokesperson would not disclose the precise number).
Jonathan Dean of Swig Equities represented the landlord in-house. Patrick Heeg of Jones Lang LaSalle represented the tenant.
Located in the heart of the Financial District, the firm, which previously leased floors 19 and 20, now occupies just 8,800 square feet on the entire 20th floor.
The company is based out of Lower Manhattan but also has an office on Long Island. They specialize in defense litigation, real estate, banking and education law.
48 Wall Street, a 34-story, 324,000-square-foot office tower built in 1927, was previously owned by The Bank of New York. Swig Equities in association with Kirkpatrick MacDonald of MacDonald & Cie, acquired the property and land in March of 1998, becoming only the third owners of the property since the land was conveyed from the Dutch to the British and then to The Bank of New York in 1796.
“A Wall Street address is just more cache, there just aren’t that many opportunities to lease on Wall Street,” Mr. Dean said.
Other major tenants at 48 Wall Street include Rockefeller Center Business Centers, Situs Holdings, LLC, EYE Mall Media, a premier out-of-home advertising firm and D.F. King