Insignia/ESG named leasing agent of Trinity Centre.Capital Properties has acquired the architecturally distinctive two-building landmark at 111/115 Broadway, in the heart of Manhattan's financial district, for $130 million. The buildings, whose combined square footage totals 912,000 SF, will be re-named Trinity Centre. The seller was ITW ITW In The Wild (informatics, antivirus research) ITW Information Theory Workshop (IEEE) ITW Into Thy Word (religion) ITW Into the Woods , a venture between International Toolworks of Illinois and General Electric Capital Corporation. Insignia/ESG's Adam Foster and Bradley Gerla have been named leasing agents for the 22-story twin towers, which received BOMA's Building of the Year award in 1997/1998. Capital Properties will manage the buildings which are currently 96 percent leased to a mix of insurance, financial and legal tenants, namely Financial Guaranty Insurance Company (FGIC FGIC See Financial Guaranty Insurance Corporation (FGIC). ), and Spear, Leeds and Kellog, a division of Goldman Sachs, among others. Tony Lifrieri, Capital Properties' new regional Managing Director of Operations, will be based at Trinity Centre. For eight years prior to joining Capital Properties, Mr. Lifrieri was Managing Director, Property Management, for Insignia/ESG, and he is also currently president of BOMA Boma (bō`mə), city (1984 pop. 197,617), Bas-Congo province, W Congo (Kinshasa), on the Congo River estuary. A port and railhead, it exports tropical timber, bananas, cacao, and palm products. International, middle Atlantic region, as well as an officer in BOMA 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 . "We are delighted to acquire these magnificent turn-of-the-century buildings," said Richard D. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , president of Capital Properties, whose company has acquired, managed or developed over five million square feet of office space in 12 states, and has developed and acquired over 16,000 residential apartments since the firm's founding in 1977. "Situated adjacent to venerable Trinity Church, Trinity Centre offers unobstructed, glorious views of the church, the World Trade Center, Cedar Park, the Hudson River and New York Harbor New York Harbor, a geographic term, refers collectively to the rivers, bays, and tidal estuaries near the mouth of the Hudson River in the vicinity of New York City. This is sometimes construed in the sense "the Ports of New York and New Jersey". . The buildings' oversized o·ver·size n. 1. A size that is larger than usual. 2. An oversize article or object. adj. o·ver·size also o·ver·sized Larger in size than usual or necessary. windows, high ceilings and floorplates ranging in size from 19,000 square feet to 22,000 square feet are a magnet for tenants of all sizes. As long-term holders and high-quality operators, purchasing and investing in these architecturally significant, well-located properties aligns with Capital Properties' overall corporate acquisition strategy." |
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