3 Companies Renew Leases at 48 Wall Street in Financial District
Two financial firms and one insurance company have extended their leases at 48 Wall Street in the Financial District, Commercial Observer has learned.
Financial advisory outfit American Stock Transfer & Trust Co. inked a long-term lease extension for the 22nd and 23rd floors of the building, totaling 17,090 square feet, according to the landlord’s broker, Helmsley Spear. Frank Cento and David Sherman of Cushman & Wakefield represented the tenant in the deal.
Then, in the second transaction, independent investment advisor John W. Bristol & Co. signed a long-term lease extension for 9,800 square feet on the entire 18th floor. Scott Sloves and Rob Wizenberg of CBRE represented the tenant.
Finally, insurer IAT Reinsurance Syndicate renewed its 4,350-square-foot office on the entire 30th floor of the building between William and Pearl streets.
Andrew Simon, James Emden, Randy Sherman and Kent Swig of Helmsley Spear represented the landlord, 48 Wall LLC, in all three deals and the tenant for the third transaction.
Asking rents were in the high $40s to low $50s per square foot, and lease lengths were not disclosed.
“All three leases evidence the confidence that tenants have shown in both the ownership and management of this iconic FiDi location,” Swig said in a statement.