10,000 s/f Exchange Pl. lease.New York-based Time Equities, Inc., recently co-brokered a 10,000 s/f lease at 1 Exchange Place for longtime long·time adj. Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit. longtime Adjective client Roosevelt & Cross, a leading municipal bond firm that specializes in tax-exempt bond Tax-exempt bond A bond usually issued by municipal, county, or state governments whose interest payments are not subject to federal and, in some cases, state and local income tax. tax-exempt bond See municipal bond. financing to states, local governments and other public institutions. The 15-year-lease was valued in excess of $5 million. Although terms of the lease were undisclosed, asking rent for the space, which offers panoramic views of the Hudson River Hudson River River, New York, U.S. Originating in the Adirondack Mountains and flowing for about 315 mi (507 km) to New York City, it was named for Henry Hudson, who explored it in 1609. Dutch settlement of the Hudson valley began in 1629. to the south and west, is approximately $32 per square foot. Roosevelt & Cross was founded in 1946 by Archibald Roosevelt Archibald Bulloch Roosevelt (April 9, 1894 – October 13, 1979), the fourth child of US President, Theodore Roosevelt, was a distinguished US Army officer soldier and commander of U.S. forces in both World War I and II. In both conflicts he was wounded. , son of former President Theodore Roosevelt, and Edwin J. Cross. The company is leaving its old offices at 20 Exchange Place due to business growth and a planned conversion of 20 Exchange Place to residential space. David Lebenstein, of Time Equities, Inc., and Arlene Wysong, of Newmark & Co., represented the tenant in this transaction. Greg Scott Greg "Greggles" Scott (born 6 March, 1969 in Macclesfield, Cheshire) is an English television presenter. Early life and career The son of a comedian, Greg Scott worked as a redcoat at Butlins and then as a warm-up artist on the Channel 4 programme Countdown for 13 years. , of Cushman & Wakefield, represented the landlord. "The success of Roosevelt & Cross has encouraged the company to seek additional space," Lebenstein said. "Its new offices, located in the heart of the Financial District, will serve the company well as it continues to assert its position as the leading New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State-oriented municipal bond firm." Dominick F. Antonelli, chairman of Roosevelt & Cross, said it was important to the firm to stay in the Wall Street area. "We believe that the downtown Wall Street area is the heart of the financial community, and the firm is committed to remaining there," Antonelli said. He added that the transaction was another example of the longstanding working relationship between Roosevelt & Cross and Time Equities. "Our firms have worked together to address the real estate needs of not-for-profits in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ," Antonelli said. "Time Equities finds the real estate and Roosevelt & Cross arranges the financing." Roosevelt & Cross plans to move this summer to its new space, which is undergoing construction. |
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