According to SL Green Realty Corp., The Farber Center for Radiation Oncology has signed a new 20-year, 21,965 s/f retail lease covering the ground, mezzanine, and part cellar floors of 100 Church St.
SL Green recently acquired the 21-story 1.1 million s/f property. The building is being redeveloped through a capital program that includes new lobby, entrance, windows and bathrooms. The elevators and HVAC system were also recently upgraded.
This is the Farber Center's first Manhattan location. Led by Dr. Leonard Farber, MD, the cancer center treatment facility is designed for speed and convenience. It will cater to Downtown walk-in patients who, following treatment, may return to work immediately thereafter.
"We are delighted to welcome the Farber Center to 100 Church," said Steven Durels, executive vice president, director of leasing and real property for SL Green who said, "Farber will construct a state-of-the-art facility."
100 Church is uniquely located on the boarder of Tribeca and the downtown financial district with unusually convenient access to 10 major subway lines, the PATH to New Jersey and walking distance to the Staten Island Ferry. Current tenants include the City of New York Department of Law, Interactive Data Corp., Niche Media, and Regus.
Matthew Siegel and Joanne Podell of Cushman & Wakefield procured the tenant, while Ariel Schuster, Michael Worthman and Ross Berkowitz of RKF, represented the landlord.
SL Green Realty Corp. is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of March 31, 2010, the Company owned interests in 30 New York City office properties totaling approximately 24,258,700 square feet, making it New York's largest office landlord. In addition, at March 31, 2010, SL Green held investment interests in, among other things, eight retail properties encompassing approximately 374,812 square feet, three development properties encompassing approximately 399,800 square feet and two land interests, along with ownership interests in 31 suburban assets totaling 6,804,700 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey. Tags: