Tech Company Expands at 17 State Street
Lauren Elkies Schram Jan. 29, 2015, 12:30 p.m.
6D Global Technologies, which helps organizations optimize their digital experience, has expanded at 17 State Street by nearly 9,000 square feet, Commercial Observer has learned.
The company took an additional 8,887 square feet on part of the 25th floor, bringing its total footprint to 13,400 square feet in RFR Realty‘s 42-story office tower at Pearl Street across from Battery Park. The lease, signed this week, is for five years, a spokesman for RFR said, with an asking rent of $70 per square foot.
In December, Hanover Insurance and the Law Offices of Lynne Newkofsky renewed their leases for 6,474 and 951 square feet, respectively, in the building, as CO previously reported.
A month prior, software company IPsoft, nearly doubled its square footage in the building with a 97,955-square-foot lease and law firm Bressler, Amery & Ross renewed its 23,033-square-foot lease. Also in November, CO reported that TAMI tenant Andiamo Partners would be moving to 6,668 square feet in the building.
RFR acquired the 530,000-square-foot 17 State Street in 1999 for approximately $120 million and then completed a significant capital improvement plan which included upgrades to the building’s corridors, lobby and common areas.
“17 State Street continues to draw a mix of tenants, which is understandable given its architectural pedigree, proximity to transit and the capital improvements that have been undertaken there,” RFR’s AJ Camhi, who represented both sides in the deal along with Steve Morrows and Ryan Silverman, said in prepared remarks. “We’re happy to see 6D Global Technologies increase its presence at the building, which is rapidly seeing available amounts of space decline.”
6D Global Technologies will be moving into its new space this summer.