News: Brokerage

Morrows, Camhi, and Silverman of RFR complete 29,386 s/f lease with Nelson Levine De Luca & Hamilton at 17 State Street

RFR Realty LLC arranged a 29,386 s/f lease with Nelson Levine De Luca & Hamilton at 17 State Street, the iconic 42-story office tower located across the street from Battery Park. The architecturally-distinct skyscraper, notable within the Lower Manhattan skyline for its curved blue glass fa cade, is located in the heart of Downtown's Financial District. Nelson Levine, which inked a long-term lease for the entire 29th and 30th floors, is relocating from One Battery Park Plaza. This major new lease signing follows more than 90,000 s/f of leasing activity at 17 State Street over the past 12 months. Asking rents at the signature property are close to $60 per s/f. "17 State Street is one of the premier office addresses in the Financial District," said Aby Rosen, co-founder and principal of RFR Holding LLC. "We are thrilled to welcome Nelson Levine De Luca & Hamilton, which will join other top names in the financial services, legal, media and technology arenas at this stellar property." Designed by Emery Roth & Sons in 1988, 17 State Street is known for its distinct curved glass fa cade and signature 15,000 s/f boutique floors, and is widely considered one of Downtown's premier trophy towers. The property boasts exceptional, class A office space with unparalleled views of New York Harbor, the Statue of Liberty, Ellis Island and Battery Park. Since acquiring the property in 1999, RFR has executed a capital improvement program consisting of upgrades to the corridors, lobby and common areas, as well as a renovated plaza with contemporary landscaping, seating and lighting. RFR has also installed two striking Keith Haring sculptures and one dramatic modern art piece by Carsten Holler. The firm's high-end pre-built program has also attracted tenants to the property. Situated at the corner of State and Pearl streets across from Battery Park, 17 State Street offers outstanding access to multiple modes of transportation. The property is close to multiple subway lines, ferries to Staten Island and New Jersey, the New York Water Taxi and the Downtown Heliport. RFR was represented in the transaction by Steve Morrows, AJ Camhi and Ryan Silverman. Mohr Partners Inc.'s Lewis Cowan acted on behalf of the tenant in the lease negotiations.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.