Lipstein, Kreisberg, D’Apice and Schenker of ABS Partners Real Estate broker three leases totaling 14,918 s/f

Manhattan, NY Full-service commercial real estate firm ABS Partners Real Estate, LLC., has signed three leases totaling 14,918 s/f since August 1^st, 2015 at 44 Wall St., following a multi-million dollar capital improvement project. The first two deals were signed for modern pre-built units on the sixth floor, while the third deal signed was for the entire 21^st floor, which was delivered as an open-plan, refurbished raw space. “The tenants that leased space on the sixth floor were attracted to the suites we designed and pre-built at 44 Wall Street because of the distinctive modern industrial motif ‘borrowed’ from other ABS Partners operated buildings. The suites look and feel like offices you would typically find in the Flatiron District’s Silicon Alley with exposed ceilings and polished concrete floors. We first began implementing this concept in the building on the seventh floor in 2012, under the direction of ABS Partners president and co-managing partner, Gregg Schenker,” said Keith Lipstein, a senior managing director at ABS. “After that first round of build outs, we quickly learned there was a huge demand for contemporary, open office suites under 5,000 square feet in the downtown area. At 44 Wall Street we found we could offer tech and media tenants the ideal office space they were seeking, but at two thirds the rent they would pay further uptown.” Since 2012, nearly $8 million in capital improvements has been invested by the Scandinavian based ownership at 44 Wall Street. The entire sixth, seventh and ninth floors have been subdivided and prebuilt as office suites, ranging in size from 2,000 to 5,000 s/f.  They feature open ceilings, polished concrete or hardwood floors and glass-enclosed offices along the window-line. In addition, 44 Wall St.’s 14 elevator cars are being modernized with redesigned cab interiors, new motors, and energy saving electronics, featuring regenerative brake technology. Lipstein, Jay Kreisberg, Joe D’Apice and Gregg Schenker of ABS Partners Real Estate represented the landlord, 44 Wall Owner, LLC., in all three recent transactions at the property. On the sixth floor: West Wing Writers, LLC., a speech writing and media strategy firm, signed a three-year, 3,005-square-foot lease. Elissa Patterson of EJMB Commercial represented the tenant. Additionally, Portigon Financial Services, a service provider for complex financial portfolios, signed a three-year, 3,204 s/flease. Brian P. Weld and Matt Etlinger of DTZ represented the tenant. The asking and taking rent for the pre-built spaces was $42 per s/f. On the 21^st floor: IBI Group, Inc., an architecture, planning, engineering and technology firm, signed a four-year, 8,709 s/f lease for the entire floor. The company chose the space for its open floor plan, refurbished floors, high ceilings, abundant amount of natural light and the flexibility to design the space to suit their specific needs. Matthew Fisher and Yarden Drimmer of DTZ represented the tenant in the transaction. Constructed in 1927, 44 Wall Street is a historically significant 24-story building with 342,000 rentable s/f. The property, which sits on the corner of Wall, William and Pine Streets, was designed by Trowbridge and Livingston, who also designed 14 Wall Street, the Hayden Planetarium and The St. Regis Hotel. 44 Wall Street is located in the heart of the Financial District and is a short walk to the 2, 3, 4, 5, J and Z subway lines.