In addition to the First New York agreement, ownership--BrickmanAssociates and Rockwood Capital Corp.--also reveals that ValueClicktook 7,000 sf and 10 existing tenants renewed, some with spaceexpansions. These deals account for a total of 70,000 sf. Rockwoodalso serves as leasing and management agent for the 275,000-sf,class A building.
Paul Kotcher, who heads up leasing for Brickman, explains thatwhen the joint venture picked up the asset last year, ownershipknew it could "take advantage of significant lease rollover" inwhat he termed an "incredibly tight market."
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
