IBE Trade Scores Wall Street Office Tenant

February 12, 2023

Bankers Trust Building. Image courtesy of CBRE

Non-profit Oliver Scholars has signed a long-term, 12,832-square-foot office lease at 14 Wall St., a 1.1 million-square-foot office tower in New York City’s Financial District. CBRE negotiated on behalf of the owner, Roza 14W LLC, an entity associated with IBE Trade, according to CommercialEdge. The current ownership purchased the Bankers Trust Building from The Carlyle Group in 2012, for $294.4 million, the same data provider shows.

The non-profit organization will relocate from 80 Maiden Lane and will be occupying a part of the Class A office tower’s 17th floor. CBRE’s team formed of Executive Vice President Bradley Gerla and Senior Vice President Mike Rizzo represented the landlord. The asking rent per square foot was $48.

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The 37-story property features floor plates between 8,000 and 40,000 square feet, 31 passenger elevators, conference rooms and 24,984 square feet of retail space, CommercialEdge data shows. The historic landmark went through a capital improvement program, that resulted in an upgraded lobby and common areas, and reinforced critical systems and security. The tenant roster present at the neoclassical high-rise includes companies such as Aflac, Real Hospitality Group, New York State Society of Certified Public Accountants and the Society of Cosmetics Chemists, among others.

A historic landmark in Lower Manhattan

Originally built in 1910 for Bankers Trust Co., the tower is situated between landmarks such as Federal Hall and the New York Stock Exchange, also close to multiple subway stations, the Battery and the Whitehall Terminal.

Earlier in January, CBRE landed another large appointment, as exclusive leasing agent for another Manhattan office tower: Tapped by The Soloviev Group, the company will be marketing 9 W. 57th St., a 1.6 million-square-foot property in the Plaza District. The 50-story tower is currently going through the last stages of a major renovation plan. Last month, another leasing deal involving a non-profit organization was signed in New York City: Building Service 32BJ Health Fund will occupy the entire second floor at Kaufman Organization’s Cluett Building in Midtown Manhattan.

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