Lighthouse Real Estate Ventures, Inc.Lighthouse Real Estate Ventures, Inc., the new owner, of 100 William Street William Street may refer to:
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. , has named Cushman & Wakefield of 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 , Inc., exclusive leasing agent for the 400,000 square-foot office building. Cushman & Wakefield's Paul Glickman, Bruce E. Mosler and Augustus B. Field IV will market the downtown Manhattan property, which is Lighthouse's first venture in New York City. Lighthouse principals Paul Cooper For the speedway rider, see . Paul Cooper (b. 21 December, 1953, Staffordshire) is a former English professional footballer. Having started out for Birmingham City as a goalkeeper apprentice, he moved to Ipswich Town in 1974 where he spent the majority of his career , Jeffrey Ravetz and Louis Sheinker hail from the New York Metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. and. believe strongly in the commercial real estate market here. "We have great confidence that the New York City market can sustain itself," explains Cooper. In addition to the eight buildings owned in the Lighthouse portfolio a Lighthouse affiliate manages approximately 20 other buildings in the New York metropolitan area. Lighthouse purchased 100 William Street in October 1999 from Taconic Investment Partners. According to Ravetz, the building was part of a portfolio in the process of being upgraded and leased out. "We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. larger transactions in Manhattan and this was one of the few good opportunities available," notes Ravetz. "The Class A downtown market is very tight - about 5.2 percent right now. This building caught our attention because it has great layouts and floor plates under 21,000 square feet, and its location is outstanding." According to Glickman, the Class A building is now 100 percent leased to a variety of tenants in the financial services and telecommunication industries, including Multex.com, Level 111, and Interactive Data Corporation, which occupies four and one-half floors. "Approximately 120,000 square feet - or roughly six floors - of the building have leases expiring over the next two years," notes Field. "However, many of the existing tenants have expressed interest in staying on and expanding." "100 William Street offers strong infrastructure, including an abundant power supply and complete wiring for high technology and telecom use," explains Field. "The building also offers fiber-optic cabling and several Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , making it ideal for this rapidly burgeoning usage." |
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