News: Brokerage

RFR completes six new leases comprising 28,111 s/f at 17 State St. in Downtown

New York, NY RFR has completed six new leases at 17 State St., a 42-story, 571,000 s/f trophy office tower in Lower Manhattan. Ranging from financial services to healthcare technology and accounting firms, the six firms will account for a total of 28,111 s/f of new office leases at 17 State St. ABR Dynamic Funds, SHS Asset Management L.P., Samson II Corp, Edward Roberts LLC, Protax Services Corp and Robert Wisniewski P.C. will join the diverse tenant roster at the iconic office tower. RFR was represented in-house by AJ Camhi and Ryan Silverman in each of the transactions.

“The building’s downtown location across the street from Battery Park with 25 acres of open green space and waterfront, its sweeping water views of the New York Harbor and Statue of Liberty and convenient access to transportation continues to attract strong tenants,” said AJ Camhi of RFR. “The building offers stunning office space. A flight to quality is underway as we see an upward trajectory of firms bringing employees back to work.”

ABR Dynamic Funds secured 5,000 s/f of space at 17 State St. Founded in 2015, ABR is a global quantitative investment management firm relocating from 48 Wall St. Andrew Coe of JLL represented the tenant.

“As ABR Dynamic Funds continues to grow exponentially, it was important that we find a Class A building in a highly desirable location with enough space to meet our future growth goals,” said Taylor Lukof, founder and CEO of ABR Dynamic Funds. “RFR has provided us with a great space to expand our company, but beyond that, we also wanted to bet on New York City and its diverse pool of talent while having an influential role in the post-pandemic comeback.”

Samson II Corp, founded by Steven Markowitz, provides working capital to mid-sized companies and leased 6,181 s/f of space, relocating from 90 John St. Andrew Roth of Somerset Real Estate represented the tenant.

Additional leases include asset management firm, SHS Asset Management L.P., which signed a 5,138 s/f lease and healthcare-focused import and export company Edward Roberts LLC, which took 5,548 s/f of space at 17 State (Richard J. Bailey of Kassin Sabbagh Realty represented the tenant). Protax Services Corp, and independent attorney Robert Wisniewski P.C. also secured space at 17 State St., moving from 101 Greenwich St. and 40 Wall St., respectively.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,