Deal makes firm second biggest DUMBO office tenant.Wireless Generation, an educational software company, has leased 40,000 square feet at 55 Washington Street The following streets in the United States are called Washington Street:
The growing software company signed a 10-year lease for part of the top two floors in the nine-story building. It will relocate and expand from its current location at 11 East 26th Street in Midtown mid·town
A central portion of a city, between uptown and downtown.
US & Canad the centre of a town South, where it occupies about 20,000 square feet.
Cushman & Wakefield brokerage professionals Rob Lowe and Curtis Brown
"Two Trees has helped us to create the ideal place for us to put down roots and grow, and we look forward to contributing to the continued development and life of the neighborhood."
"Wireless Generation's entry into our neighborhood is significant to us," said Chris Havens, leasing director of Two Trees.
"The company has 150 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 City-based employees, so this brings an entirely new population here to enjoy both the amenities our buildings offer commercial tenants, as well as a thriving neighborhood that's filled with a wide variety of businesses, shops, eateries plus a huge arts network."
"At 55 Washington Street, Wireless Generation will receive custom-built space with panoramic views of Manhattan in a creative and fast-growing neighborhood," said Lowe, an executive director at Cushman & Wakefield.
Built in 1901, 55 Washington Street totals about 83,000 s/ft, and is located between Water and Front Streets, near the Manhattan Bridge The Manhattan Bridge is a suspension bridge that crosses the East River in New York City, connecting Lower Manhattan (at Canal Street) with Brooklyn (at Flatbush Avenue Extension). .
Wireless Generation took advantage of REAP (Relocation and Employment Assistance Plan), 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. Department of Finance tax incentive plan, which offers large tax credits to tenants relocating all or part of their businesses from south of 96th Street in Manhattan to eligible buildings in the outer boroughs and north of 96th Street.
The REAP resulted in a net effective rent reduction of approximately $11 per square foot for Wireless Generation, substantially below market.