17 State Street Scores Two New Renewals
By Lauren Elkies Schram December 1, 2014 2:29 pmreprints
RFR Realty has secured two new renewals at its 17 State Street in Lower Manhattan, Commercial Observer has learned.
Hanover Insurance renewed its 6,474 square feet of space at the building at the corner of State and Pearl streets, across from Battery Park, while the Law Offices of Lynne Newkofsky, a boutique immigration law firm, renewed its 951-square-foot lease there.
The insurance company was represented by Stephen Bellwood of Cassidy Turley, who declined to comment through a spokeswoman. The law firm had no broker in the deal.
“These recent 17 State Street leases demonstrate the allure downtown and this building holds for tenants,” AJ Camhi, who represented RFR in the transactions along with Steve Morrows and Ryan Silverman, said in prepared remarks. “Whether for its unparalleled views, proximity to transit, capital improvements or architectural pedigree, tenants continue to seek out 17 State Street as a home and remain as long term members of its impressive tenant roster.”
As Commercial Observer reported last week, Andiamo Partners, a technology staffing and consulting firm, will be moving its headquarters from Lower Manhattan to 17 State Street in a 10-year deal with $60-per-foot asking rents.
RFR said asking rents in the building are $65 per square foot and would only call the leases long term.
Last month, software company IPsoft renewed its lease for 97,955 at 17 State Street and law firm Bressler, Amery & Ross renewed its 23,033-square-foot lease in the building.