ABS Partners Real Estate, LLC announced that it has finalized three tech-inspired pre-builts at 44 Wall Street.
Style House PR, Handelsblatt and SmartAsset leased a total of 8,000 s/f.
All three companies specialize in media and technology.
ABS Partners senior managing directors Keith Lipstein and Jay Kreisberg and associate Adam Nelson represented the landlord in the transactions.
“The financial services industry has been contracting necessitating a tenant makeover for landlords,” said Lipstein.
“More and more, Wall Street is Wall Street in name only. Historically Wall Street was a prestigious address recognized all over the world as the center of the financial universe.
“Now, 44 Wall Street is transforming into a prototype community where traditional financial service companies coexist with service, technology and media firms.”
The new tenants will broaden the industries represented on the building’s tenant roster. Another creative tenant in the building is music company ATO Records, which occupies the building’s top three floors.
Style House PR is a boutique public relations and brand-marketing firm which signed a lease for 2,916 s/f. The firm was represented by Matthew Hoffman of Focus Real Estate Group.
Handelsblatt is the German equivalent to the Wall Street Journal. It will occupy 2,135 s/f at 44 Wall Street. Leon Manoff of Colliers International represented the tenant in securing this space.
SmartAsset creates financial modeling technology. It signed a lease for 2,932 s/f t and the deal was brokered by Theodora Livadiotis of Cassidy Turley.
These firms chose 44 Wall for the pre-built spaces that provide an industrial feel utilizing modern finishes favored by many tech and media companies. Features include concrete floors, open ceilings and glass partitions.
“Since 2001, the residential population of the Downtown Manhattan area has increased from 25,000 residents to over 60,000,” added Lipstein.
“As a result, the immediate environs around 44 Wall offer an increasingly vibrant lifestyle for living and working. Dollar for dollar it is a great value.”
The ABS Partners leasing team at 44 Wall Street has offers in on the remaining prebuilt units of 4,642 and 2,313 s/f. Planning for the construction of more units on other floors is underway.