100 Pearl Street. Photo Credit:Visual House.
NEW YORK CITY- Fred AlgerManagement, an investment management firm with more than $30billion of assets under management, has returned to DowntownManhattan after 20 years since losing staff at the World TradeCenter during the 9/11 attacks. The firm has entered a50,000-square-foot lease agreement at 100 Pearl Street with GFPReal Estate and Northwind Group.
The Class A office tower,currently undergoing a renovation supported by a $250 million-plusinvestment by GFP, will carve out three contiguous floors forAlger, including custom penthouse space. The firm is set to moveinto the property in the fourth quarter of 2021. HandlerReal Estate Organization arranged the location and expansion forthe firm.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
