By Gus Delaporte 5/15 10:30am

Lease Beat

120_wall_street_2

Nonprofit Relocates to 120 Wall Street

The American Institute of Chemical Engineers has signed a long-term, 16,506-square-foot lease at Silverstein Properties’ 120 Wall Street, it was announced today.

“After a two-year search of both Midtown South and Downtown, which included inspections of over 50 properties, AIChE elected to relocate to 120 Wall Street, one of the few buildings to provide an incentive program for not-for-profits,” said Leon Manoff, vice chairman at Colliers International, who represented the tenant, in a prepared statement. Read More

By Al Barbarino 11/14/12 3:10pm

Post-Tropical Storm Sandy

120 Wall Street (Credit: Silverstein Properties)

Silverstein Properties Reopens 120 Wall

Silverstein Properties reopened 120 Wall Street Wednesday morning for the first time since Hurricane Sandy flooded the 600,000-square-foot building’s basement and damaged electrical distribution equipment.

The company pumped more than one million gallons of water out from the building’s basement and removed contaminants before methodically checking all base systems to get them back up and running, Jeremy Moss, the firm’s vice president of leasing told The Commercial Observer.

“Since the storm we’ve been working around the clock to get the building up and running and to bring tenants back – we succeeded this morning at 8 a.m,” Mr. Moss said. Read More

By Daniel Edward Rosen 2/07/12 8:30am

Lease Beat

Nonprofit Leasing by Submarket.

Nonprofit Leasing Stands Firm: Report

Nonprofit and public sector tenants took a total of 2.6 million square feet in 2011, approximately the same amount it leased a year earlier, but committed to much larger leases than in the previous year, according to a new report released yesterday by Cassidy Turley. Read More

By Guelda Voien 10/12/11 12:20pm

Lease Beat

The marketing firm took space on Wall Street.

A Sublet at 120 Wall Street

The DeSola Group, a marketing and public relations firm, has sublet 6,300 square feet at 120 Wall Street from the American Vacuum Society in a six-and-a-half-year lease, Robert Wizenberg, a broker at CB Richard Ellis who represented DeSola, told The Commercial Observer last week. The firm will move from 1 Penn Plaza into the entire 32nd floor of the skyscraper, which has long been a hub for nonprofit organizations. Read More