Merrill Roth of Newmark Knight Frank represented SCOR US in the long-term leasing transaction while Dennis Brady, executive managing director of leasing and Jonathan Dean, managing director of Manhattan-based Jack Resnick & Sons, represented the landlord. SCOR has been a tenant at the building for the past 10 years.
Opened in 1984, One Seaport Plaza, which is also known as 199 Water St., contains 1.1 million sf of class-A office space, with full floors of approximately 34,000 rentable sf each. The tenant roster also includes Prudential Financial, AON, Eurobrokers, and US Aviation Underwriters. According to a source close to the deal, asking rent at the building ranges from $60 per sf to $68 per sf. The source notes that the aggregate lease value of the SCOR lease was "in excess of $40 million."
Jack Resnick & Sons' portfolio currently includes approximately six million sf of commercial space, including its signature office tower at 110 E. 59th St. It has also developed thousands of luxury residences and continues to own, manage and lease approximately 1,000 rental apartments.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
