New owners hold party at 14 Wall St.New owners hold party at 14 Wall St. A broker party was held yesterday to celebrate the new ownership at 14 Wall Street, the 950,000-square-foot office building located across from the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Home to Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. and Shearson Lehman, the building underwent an arranged transfer from 14 Wall Street Associates to 14 Wall P.T. Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corp., a client of General Electric Investments. Cushman & Wakefield has been retained by the new owners as the managing and leasing agent. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cushman & Wakefield's Joseph Costabile, account executive handling the building, the party was held to familiarize brokers with the "institutional character" of the owner and the building. In a time when brokers are worried about getting commission payments, Costabile said, this can make a difference. The building was formerly owned by Bankers Trust. The building, which is 90 to 92 percent leased, can accommodate tenants in the 10,000-square-foot and up range. While "cosmetic" improvements will be made -- such as cleaning up the facade facade (fəsäd`), exterior face or wall of a building. The term implies ordered placement of its openings and other features and thus seems inapplicable to a wall without design. , the building has been largely renovated. |
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