The ownership of 44 Wall Street, managed by George Comfort & Sons, announced today that it has finalized an agreement with fin-tech leader Webull Financial, which will expand its total footprint to 26,000 square feet and extend its lease at the Downtown tower through 2032.
Under the terms of the agreement, Webull is adding the building’s entire 17,000 s/f second floor to its previously occupied space on the fifth and sixth floors. The company signed its first lease at 44 Wall in 2018 for roughly 3,000 s/f and quickly expanded to 9,500 s/f in 2020. Webull plans to utilize the new second floor space immediately as it is already built.
A self-directed brokerage app, Webull offers an electronic trading platform, accessible via mobile device and desktop computer, for the trading and researching of stocks, exchange traded funds and options.
“The recent upgrades to 44 Wall Street provide a modern, yet still charming, environment for the city’s leading financial firms,” said George Comfort & Sons President and CEO Peter S. Duncan. “We are pleased to continue our relationship with Webull Financial and to be able to accommodate the company’s impressive growth within the tower they’ve called home for years.”
George Comfort & Sons, Inc. operates 44 Wall Street on behalf of Dallas-based Gaedeke Group, a privately owned commercial real estate investment firm, which acquired the property in March of 2020. The historic building is located at the intersection of Wall and William Streets in one of New York’s most accessible and well-connected areas.
Renovations and enhancements at the 350,000 s/f 44 Wall Street – which include a revitalized lobby featuring artwork by famed New York City street artist Hellbent – landed the tower on the Architectural Digest list of “The 12 New York City Office Buildings with the Most Incredible Artwork.”
In response to the pandemic, George Comfort & Sons has taken numerous steps to mitigate the spread of Covid-19 including electrostatic spraying, boosting on-site cleaning staff, implementing additional air filtration measures, updating air purification filters and increasing elevator sterilization. The tower’s UV elevator units are designed to use a special UV light to kill up to 99.96 percent of bacteria, viruses, and molds.
George Comfort & Sons said partial-floor prebuilt suites, ranging in size from 2,323 to 4,199 square fee, are now available for lease at 44 Wall Street and the company is offering larger potential tenants a turnkey option for 7 to 10 year terms.
Webull was represented by Robert Gallucci of Colliers. Ownership was represented in-house by George Comfort & Sons’ Matt Coudert, Alexander Bermingham and Caswell Jernigan.