The Real Deal New York

Duane Reade to move corporate offices to 40 Wall

January 05, 2012 06:30PM

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Drugstore giant Duane Reade has inked a deal to take 54,500 square feet of office space at Trump’s 40 Wall Street, the building that alsohouses its retail flagship, the New York Observer reported.

The pharmacy chain, named for Duane and Reade streets in Lower Manhattan, where the firm had its first store, will take the 21st and 22nd floors at the 72-story tower. Its lease at 440 Ninth Avenue had recently expired. The 15-year deal at 40 Wall had asking rents in the mid $30s-per-square-foot, brokers said.

“Donald Trump Jr. was a complete gentleman throughout the entire [negotiation] process and was helpful in expediting the deal,” said Thomas Murray, of Lincoln Property Company, who represented Duane Reade along with colleague Joseph Artusa.

Jeffrey Lichtenberg, of Cushman & Wakefield, represented the Trump Organization. [NYO]

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