55 Washington Street|Office Leasing|06/17/2006 | TRD Research
Deal sheet    Single Deal
55 Washington Street|Office Leasing|06/17/2006
  • Event Office Leasing
  • Address 55 Washington Street
  • Square feet 39,553
  • Borough Brooklyn
  • Neighborhood Fulton Ferry
  • Publication Date 08/01/2006
  • Deal Date 06/17/2006
  • Party 1 Two Trees Management
  • Party 1 Broker David Walentas
  • Party 2 Wireless Generation
  • Party 2 Brokerage Cushman & Wakefield
  • Party 2 Broker Robert Lowe, C. Brown
notes
The educational software and services firm signed a 10-year lease for space on the ninth floor. The firm, which has 150 New York-based employees, relocated from Midtown to take advantage of the New York City Department of Finance Relocation and Employment Assistance Plan tax incentive plan, which offers large tax credits to tenants relocating all or part of their businesses from south of 96th Street in Manhattan to eligible buildings in the outer boroughs and north of 96th Street. The incentives resulted in a net effective rent reduction of $11 per square foot.