Lease Beat

100 Wall Street Welcomes Rosenbaum & Rosenbaum

image002 100 Wall Street Welcomes Rosenbaum & RosenbaumRosenbaum & Rosenbaum has signed a deal for an office in the Financial District, it was announced.

The personal injury law firm will be taking a 3,822-square-feet office on the 15th floor of Savanna-owned 100 Wall Street. The firm represents clients throughout the city and the metropolitan area on personal injury, medical malpractice and product liability matters.

“Water views, full-height windows and an efficient floor plan,” said Kevin Hoo, vice president of Savanna. “The space will be rebuilt to the new building standard which is a high end finish commensurate with the quality of the building.”

Savanna will make additional changes in the building to move the electrical gear, telecommunications equipment, and fire and life safety equipment to the second floor.

“It will [give] further comfort to new and existing tenants that the property will continue to focus on delivering superior service with minimum disruption to their business operations should a similar flooding event occur in the future,” added Mr. Hoo.

A leasing team from Jones Lang LaSalle consisting of Scott Cahaly, Brian Reiver, and Mitchell Konsker represented the landlord. Gabriel Whitman, an associate at Cushman & Wakefield, represented the tenant.

“Following Savanna’s acquisition of the asset in the summer of 2011, the property has seen 172,000 square feet of new and renewal leasing,” said Mr. Hoo. “Importantly, post-Hurricane Sandy, 27,000 square feet of new leases have been signed to high quality tenants, with another potential 40,000 square feet currently being negotiated.”

The property’s occupancy rate has jumped from 72 percent  to 86 percent over that same period, he added.

Follow Michael Ewing via RSS.