X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Investment advisor First Investors Management Co. Inc. will be moving its headquarters across the street now that it has leased 28,000 sf at 110 Wall St. The Rudin family owns the 27-story building.

The 10-year, eight-month lease will give the company the entire fourth floor and part of the fifth floor. It plans to relocate its headquarters from 95 Wall St. in June.

The rental rate was not disclosed for the deal, but according to Rudin Management Co.’s website asking rent on the fourth and fifth floor is $35 per sf plus electric. This deal leaves only 16,000 sf vacant in the 292,627-sf property.

Major tenants include M.R. Beal & Co., Unisys Corp. and Teamsters Local Union 210. “We’re delighted that yet another prestigious financial services firm has chosen 110 Wall St. as its new home,” says William Rudin, president of Rudin Management Co., in a statement.

Studley’s Marc Shapses and Jason Schwartzenberg represented First Investors. Rudin Management Co. was represented in-house by Robert Steinman and Gene Baumstein.

Rudin Management Co. owns more than a dozen other properties in Midtown and Downtown, including 3 Times Square, 355 Lexington Ave., 80 Pine St., and One Battery Park Plaza.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.