Law firm, Schindler Cohen and Hochman, has renewed the lease on its 11,800 square foot office at 100 Wall Street. The decade-long lease was signed two months ago, just prior to Tropical Storm Sandy, said Brian Waterman, of Newmark Grubb Knight Frank, representing the tenant. “They had a year and a half to go on their lease,” Waterman added.
The new lease began with an asking price of $38 per square foot, said Todd Korren, representing the landlord, Savanna. “100 Wall is a fully renovated, institutional quality building with redundant telecommunications infrastructure, 24/7 manned security, lobby turnstiles, and a modern, sleek exterior with excellent water views,” Mr. Korren told The Commercial Observer in an email. “The building is ideally located within several blocks of most subway lines, ferry service and the FDR Drive.”
The building’s tenant structure has flexibility should the firm decide it needs more space to accommodate growth. “The floor which Schindler Cohen and Hochman occupies is a multi-tenant floor, and the building has a multi-tenant composition with staggered lease terms; both which provide our tenants with maximum flexibility to increase their occupancy as needs change,” Mr. Korren explained.
In terms of structure and style the space has a glass and wood finished reception area with a stone floor, as well as wood doors and frames throughout.
Schindler Cohen & Hochman did not respond to requests for comment on its lease renewal.