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Deals & Dealmakers

Two tenants recommit at RFRʼs 17 State Street

RFR Realty announced two lease renewals totaling 20,850 s/f with global advisory firm StoneTurn Group and marketing consultancy DDCD & Partners at 17 State Street, a 42-story Downtown office tower.

StoneTurn Group LLP is relocating and expanding to a 13,100 s/f full-floor space. The tenant, which has been in the building since 2014, is nearly doubling in size from 7,234 square feet.

Founded in 2004 by Christopher Martinez and Simon Platt, StoneTurn assists companies, their counsel and government agencies on regulatory, risk and compliance issues as well as business disputes.

The firm has offices across the US, UK and Germany and is assisted by a network of senior advisers globally. Rob Wizenberg of CBRE represented the tenant in the lease negotiations.

In addition, existing tenant DDCD & Partners Inc., a strategic advertising agency that has been located at 17 State since 2011, has relocated on a long-term basis to a tower floor unit. The tenant’s space is being modified to meet its requirements. Corey Borg of Newmark Knight Frank acted on behalf of DDCD & Partners.

RFR’s Director of Leasing AJ Camhi and Vice President of Leasing Ryan Silverman, along with Jones Lang LaSalle’s Mitchell Konsker, John Wheeler and Clayton Kline represented the landlord in each of the deals.
“We continue to attract and retain top-tier tenants thanks to our high-quality office spaces, iconic architecture, attentive management and breathtaking water views,” said Mr. Camhi.

Designed by Emery Roth and Sons, 17 State Street, which is situated on the corner of State and Pearl streets, is an elliptical-shaped property close to multiple subway lines.

Since acquiring the property, RFR has executed a capital improvement program consisting of elevator modernization and aesthetic improvements to the corridors, lobby, curated outdoor plaza and common areas, and created a pre-built program.

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