Schooled! Biggest Lease of '09 Near At 100 ChurchThere’s a new prom queen in town. The Sapir Organization is in negotiations to lease a mega 255,000 square feet of 100 Church Street, its ersatz er·satz
Being an imitation or a substitute, usually an inferior one; artificial: ersatz coffee made mostly of chicory. See Synonyms at artificial. wallflower wallflower, Mediterranean perennial (Cheiranthus cheiri) of the family Cruciferae (mustard family), particularly popular in Europe, where it flourishes on old walls. of an office building, to the new Claremont Preparatory High School, in what would be the biggest new lease of 2009.
The school, which will open this fall and charge $31,500 a head, has a lease out for about 225,000 square feet of indoor space and nearly 30,000 square feet of outdoor space at 100 Church Street, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. P. D. Cagliastro, the director of public affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. for MetSchools Inc, which owns seven other schools, including the new Aaron School, also opening this fall at an as-yet-undetermined 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 location.
On top of that stupendous stu·pen·dous
1. Of astounding force, volume, degree, or excellence; marvelous.
2. Amazingly large or great; huge. See Synonyms at enormous. news, on Tuesday, the Sapir Organization announced that Interactive Data, a provider of financial market data, had signed a 15-year, 65,000-square-foot lease in 100 Church.
This is all tremendously good tidings for the building, poor thing, which has everything going for her but looks. Nice-size floor plates, reasonable asking rents, multiple entrances, excellent location, good light and air, proximity to the future Fulton Street transit hub. One thing she doesn’t have going for her? Her face, which, in the case of a building, is her facade and her lobby.
The Sapir Organization, led by Alex Sapir, bought the 1 million-square-foot, 21-story building at Barclay Street and Park Place in 1997 for an eminently reasonable $55 million. In 2006, Sapir began overhauling the building, creating a lobby that reminds some brokers of Vegas, with a water-spouting fountain, mirrored tiles on the ceiling and, at 50, the world’s largest collection of Swarovski crystal chandeliers (there is also a rather lovely stone-inlaid globe created by Tamir Sapir himself).
Meanwhile, the Sapirs opted to repaint Re`paint´
v. t. 1. To paint anew or again; as, to repaint a house; to repaint the ground of a picture. s>
Verb 1. the blue-brick facade, rather than cover it with a glass curtain, as competitors like Macklowe Properties have done at 1330 Avenue of the Americas.
Neither CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , which is representing the Sapirs, nor Newmark Knight Frank, which is representing the school, would comment, but the pending deal would easily be the biggest new Manhattan lease this year, and a boon for the downtown office market as well as for the Sapirs.
According to real estate database CoStar, the building is about 50 percent leased, with asking rents in the high $30s per square foot.