Alternative fund manager SQN Capital Management has signed a 10-year lease for a 7,293-square-foot portion of the 28th floor of Savanna’s 100 Wall Street, Commercial Observer has learned.
Asking rent for the space was $49 per square foot. The tenant will relocate from its current headquarters at 110 William Street.
Mitchell Konsker, Scott Cahaly and Kyle Young of Jones Lang LaSalle represented the landlord, while Rob Wizenberg of CBRE represented the tenant in the lease.
Founded in 2007, SQN provides investment advisory and portfolio management services to three private offerings and two public direct participating programs. The firm makes investments directly in hard assets in the energy, environmental, medical, marine, agriculture, IT and modular accommodations industries.
The 29-story building at 100 Wall Street was built in 1969 and acquired by Savanna in 2011. The landlord has installed brand new chillers and performed cosmetic lobby upgrades and elevator repairs at the property. Additionally, the real estate private equity firm has relocated the critical life and safety systems and electric switch gear at the building from the basement to the second floor.
As reported by Commercial Observer, photo app developer Pixable signed a 6,836-square-foot lease at 100 Wall Street earlier this year.