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Rovt taps CBRE to take over leasing at 14 Wall Street

CBRE has taken over leasing at 14 Wall Street.

14 Wall Street. Photo via Winick
14 Wall Street. Photo via Winick

The firm, which served as the leasing agent for the landmarked property under previous owners Capstone Equities and the Carlyle Group, has been called back in by fertilizer tycoon Alex Rovt.

Brad Gerla, Jonathan Cope, Paul Walker and Eric Kleinstein won the assignment for the one million square foot office tower.

“This is a great opportunity for us to reposition the building in a way that is aligned with the needs of modern-day tenants,” Gerla said.

“Fourteen Wall Street offers the ultimate modern business environment, and in combination with its convenient location to all subway lines, and amenities such as Equinox and Starbucks, we will be able to attract tenants of the highest caliber.”

The property, which was originally the Bankers Trust Company building, is a 37-story tower near Federal Hall and the New York Stock Exchange. According to a CBRE representative, there’s over 100,000 s/f of space available in the building. CBRE plans to pre-build different size spaces to hasten leasing activity, targetting “TAMI, financial and non-profit tenants.ˮAsking rents range between $45 and $55 psf.

The building’s tenant roster currently includes co-working firm Regus, architecture firm Skidmore, Owings & Merrill, insurance company Anthem Blue Cross and the New York State Society of CPAs.

Rovt, who is from the Ukraine, made his fortune through fertilizer company IBE Trade Corporation. In 2012, he purchased a majority stake in building for $303 million then spent $60 million in repairs. He switched representation from CBRE to Cushman & Wakefield after the acquisition. Cushman & Wakefield handled leasing at the property for about two years.

Rovt, who is ranked number 388 at Forbes’ billionaires list with a net worth of $1.29 billion, has several investments in New York City real estate. He financed Spruce Capital Partners’ residential projects at 1209 DeKalb Avenue in Brooklyn and 151 East 78th Street. In 2015, he also told the Real Deal that he plans to build two four-star hotels in New York City.

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