The Real Deal New York

Trump Organization secures financial firm at 40 Wall St.

April 15, 2013 09:30AM

Donald Trump’s Trump Organization has signed financial services firm First Investors Management Company to its 40 Wall Street, the New York Observer reported.

First Investors will take a 36,490-square foot-space, moving from its current offices at 110 Wall Street. The asking rent for the space was $35 per square foot. The Trump Organization was represented by Cushman & Wakefield’s Jeffrey Lichtenberg and Jared Horowitz, while Marc Shapses of Studley represented the tenant. 

“We’ve leased over 600,000 square feet since taking over the building five years ago,” Lichtenberg told the Observer. Other tenants include Weidlinger Associates, an engineering firm, Duane Reade and private school Green Ivy.

The building is 92 percent leased, with asking rents for the main part of the building residing in the $30s, while upper floors ask $45 per square foot. [NYO]  –Hiten Samtani