Lease Beat

Chinese Developer’s U.S. Arm Signs Lease at 100 Wall Street

100 Wall Street.

100 Wall Street.

DMG Investments, a sub-entity of DoThink Holding Group, has signed a 10-year lease at Savanna-owned 100 Wall StreetCommercial Observer has learned.

The U.S. component of Chinese real estate developer, DoThink, will occupy a 2,052-square-foot space on the 18th floor of the building, according to a release from Savanna.

DMG, which is expanding in New York, signed its lease roughly three weeks ago and is in possession of keys to the space, according to Stacy Gim of PD Properties, who represented the tenant in the transaction.

Areas of focus for DMG’s property acquisitions include major markets on the East and West Coasts and also in the Midwest, the release further stated.

Other recent deals in the building include SQN Capital Management, which recently signed a 10-year lease for roughly 7,000 square feet on the 28th floor, CO previously reported. The asking rent was $49 per square foot. Also Photo app Pixable signed a five-year lease for 6,846 square feet on the same floor as DMG earlier in the year, CO reported.

Mitchell Konsker, Scott Cahaly and Kyle Young of JLL represented Savanna in the deal.