Preschool Makes a 40 Year Commitment
Green Ivy signed a 40 year, 75,675 SF lease at 40 Wall Street. The starting rent is in the $30s PSF and climbs up to the $50s. This is a win-win for landlord Trump with a long term lease as well as for the preschool, which locked in favorable rents with modest escalations in a heating market. Another tenant in the building, First Investors, also signed a relatively long term lease recently: 15 years with rent starting in the $30s PSF. |
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