Insignia/ESG's Snezana Anderson and Bernhard Weinstabel in thefirm's Downtown office represented the tenant in the leasenegotiations. Cushman & Wakefield's Jonathan Dean negotiated onbehalf of owner Swig Burris Equities.

"48 Wall Street is a Class-A boutique property that allows thisdivision of the French Embassy its autonomy," says Anderson. AddsWeinstabel, "In this instance, downsizing to a smaller building wasappropriate and as part of the deal, the owner built out the spacewhich, of course, provided a further incentive to move."

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