According to Ellie Fantini of Grubb & Ellis, who represented Greenberg Traurig in the deal along with Grubb & Ellis's Taryn Wilson, the lease represents an expansion of 20,000 sf. Property owner, Chiofarao Co. represented itself in the transaction.
Fantini tells GlobeSt.com that the deal was a complicated one because Greenberg Traurig's lease on its third floor space was not yet up. She declined to reveal the lease rates but the average asking rent for office space in the area is about $43 per sf, although the higher floors in office towers command higher than average rents.
The building's other tenants are Merrill Lynch, Bank of America, Ropes & Gray, Capital Growth Management, Morgan Stanley, PriceWaterhouseCoopers, Piper Rudnick and Barclays Global.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
