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10,000 s/f 2 WFC deal.

CH Commercial Real Estate Group, LLC, an affiliate of Citi Habitats, Inc., announced that S.W. Bach & Company has leased 10,729 s/f of "Class A" office space on the 36th floor of 2 World Financial Center in the Financial District. The company has signed a 10-year sublease at the property.

The tenant, S.W. Bach, was represented by Michael Forrest of CH Commercial Real Estate Group, an affiliate of Citi Habitats, Inc. The building is owned by Brookfield Financial Properties and the transaction is a sublease from Merrill Lynch & Co., Inc. Merrill Lynch was represented by Cynthia Wasserberger, Frank A. Cento, and Edward DiTolla of Jones Lang LaSalle.

Michael Forrest, executive managing director of CH Commercial, said, "2 World Financial Center is a unique property and one that met all of S.W. Bach's technical and quality of life desires. The company examined spaces throughout Midtown and Downtown but ultimately wanted to be a part of the revitalization that is taking place in the Financial District."

The leased space will serve as a new office expansion for S.W. Bach which also has a location at 675 Third Ave.

In establishing an office in the Financial District, the company was eligible for the Small Firm Attraction and Retention Grant administered by the Empire State Development Corporation.

Jones Lang LaSalle's DiTolla, said, "While S.W. Bach considered spaces throughout the city for its expansion, the firm chose to return to the Financial District to renew its commitment to the revitalization of Lower Manhattan. In addition, Merrill Lynch's space was already designed for the needs of a financial services firm."
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Mar 24, 2004
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