X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-In a transaction that allows GoldenSource to renovate and remain at its current headquarters for the long term, the global data management firm has committed to a new 35,000-sf, 10-year lease at 22 Cortlandt St.

Studley’s senior managing director John Mambrino, together with Nick Farmakis, managing director, negotiated the renewal transaction on behalf of GoldenSource. “We made certain that GoldenSource would directly benefit from the building improvements,” notes Mambrino, who was involved in relocated the company to its current location nine years ago when the firm moved from 770 Broadway.

GoldenSource will benefit from a capital improvement program planned for the building, which will encompass significant renovations to the building’s various mechanical systems and lobby.

According to Farmakis, location was also a factor that influenced the company’s decision to remain in place for the long term. “GoldenSource will benefit from the building’s adjacency to the new World Trade Center transportation station, as well as its proximity to Broadway and the World Financial Center.”

Grubb & Ellis represented 22 Cortlandt St. ownership in the transaction.

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

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