Waterman, Kuhn, Fanuzzi, Stein and Korman of Newmark Knight Franks represent SL Green in a 172,577 s/f lease

According to SL Green Realty Corp., Healthfirst has signed a 172,577 s/f, 20-year headquarters lease covering four floors at 100 Church St., the 21-story, 1.05 million s/f office building, which was acquired by SL Green in foreclosure this past January. Established in 1993, Healthfirst is a not-for-profit managed care organization. "Following the acquisition of 100 Church St., we commenced a comprehensive re-positioning program that includes a re-design of the prior ownership's capital plan together with an extensive marketing effort to re-introduce the building to the marketplace," said Steven Durels, director of leasing and real property for SL Green. "Building improvements include new lobby, entrance, windows and mechanical upgrades." Durels said, "Our goal was to revitalize a building that had been allowed to languish for over five years. The building is fundamentally very strong with large and efficient center core floors, exceptional convenience to public transportation and a strategic location bridging Tribeca and the Financial District. Healthfirst's long-term commitment for its new headquarters is a great validation of our re-positioning program." Derek Trulson, Bill Peters and Daoud Awad from Jones Lang LaSalle represented Healthfirst. Newmark Knight Frank's Brian Waterman, James Kuhn, John Fanuzzi, Hal Stein and Lance Korman acted on behalf of SL Green.