40,000 s/f deal marks latest Downtown victory.Due to its continued growth, global law firm White & Case LLP LLP - Lower Layer Protocol has decided to relocate more than 150 employees in its information technology and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. departments to Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North . Newmark reports that the storied law firm founded in the Financial District in 1901 has signed a five-year sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. with Reuters for approximately 40,000 s/f of space at 100 William Street William Street may refer to:
White & Case will occupy the sixth and seventh floors of the 21-story, 400,000 s/f building in the heart of downtown Manhattan, according to Newmark's Moshe Sukenik, who along with Chris Mongeluzo and Christine Claffey, represented White & Case in the transaction. "White & Case is delighted to be a part of the revitalization of Lower Manhattan and we're looking forward to moving into our new facilities at 100 William Street," said David N. Koschik, the executive partner of White & Case's 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 office. Sukenik said the deal is a major victory for Lower Manhattan, which has seen a host of companies and law firms move their back office-type functions outside of the city in the aftermath of the terrorist attacks of Sept. 11, 2001. A contributing factor in White & Case's decision to once again house operations in Lower Manhattan was incentives available through the Small Firm Attraction and Retention Grant (SFARG) program, which is jointly administered by the 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. Economic Development Corp. and the Empire State Development Corp. Under this program, White & Case will receive $3,500 for every worker relocated to William Street. The SFARG program's funding is provided by the U.S. Department of Housing and Urban Development and offers cash grants to firms that locate less than 200 employees in properties south of Canal Street. In addition, White & Case will apply for discounted energy through the Power Downtown program. Sukenik said that during its search, White & Case studied sites in Long Island City and some locales outside the New York metro For the region, see . Metro New York is a free daily newspaper in New York City started in 2004. Its main competition is AM New York, with which it practices many of the same distribution and marketing strategies. area. "In the end, the incentives available downtown and the positive developments now taking place tipped the scales to the 100 William Street building," he said. "This is another positive example of our efforts to revitalize and rebuild Lower Manhattan, bringing investment and opportunities downtown," said Empire State Development Corp. Chairman Charles A. Gargano. "Governor Pataki has created a pro-business climate that is spurring investment and development throughout New York State." |
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