Cammeby's International Announces Three Lease Transactions Totaling Over 45,000 Square Feet at the Woolworth Building

Limited Space Still Available for Lease At World Famous Skyscraper

Mar 03, 2011, 09:15 ET from Cammeby's International

NEW YORK, March 3, 2011 /PRNewswire/ -- Rubin Schron, founder of Cammeby's International Group, a commercial and residential developer and owner, recently announced that Public Health Solutions, Imagine Software and Prime New York signed leases, totaling more than 45,000 square feet, at The Woolworth Building, a National Historic Landmark in the heart of New York City's Financial District.

"At a time when much of the city's real estate is experiencing all-time lows, we're fortunate enough to have received tremendous interest," said Rubin Schron, founder of Cammeby's International Group. "It truly is a once-in-a-lifetime opportunity for companies to secure this address, as, once occupancy is restored to 100 percent, it is unlikely to re-enter the market for a long time."

This announcement comes on the heels of one made last summer, which revealed that limited space is available in the highly sought-after Manhattan building. For many years, the building had maintained a 100 percent occupancy rate. Currently, 94 percent of the building is leased.

Public Health Solutions, a non-profit organization, signed a one-year, 28,898-square- foot lease on the 26th floor. The company develops, implements and advocates dynamic solutions to prevent disease and improve health. Their programs address public health needs, including maternal and child health, nutrition, access to health insurance, and care and smoking cessation. Brian Siegel, senior director of The Lawrence Group represented the landlord.

Imagine Software signed a 10-year, 14,635-square-foot lease renewal on the 17th floor. Founded in 1993, Imagine Software consists of hundreds of professionals on four continents. They put institutional grade functionality, broad cross-asset instrument support and the ability to employ any trading strategy in the hands of sell- and buy-side businesses of all sizes.

Prime New York, signed an eight-year, 2,116-square-foot lease renewal on the seventh floor. The largest voter file vendor in New York, Prime New York provides products to campaigns across the board, including president, senator, governor and other statewide offices.

David Ofman, executive managing director of The Lawrence Group, represented the landlord for Imagine Software and Prime New York.

One of the oldest and most famous skyscrapers in the world, the 57-story Woolworth Building at 233 Broadway, between Park Place and Barclay Street, has long been a much-desired address for Manhattan's business elite, but for many years has maintained a 100 percent occupancy rate.

Conceived by dime store magnate Frank W. Woolworth as the headquarters of the F.W. Woolworth Co., the Woolworth Building was designed by architect Cass Gilbert in neo-gothic style and engineered by Gunvald Aus. At a height of approximately 792 feet, the building was the tallest in the world when it was built in 1913 and remains one of the 50 tallest in the United States, as well as one of the 20 tallest in New York City.

The Woolworth Building is a landmark of New York's Financial District. Located at the southernmost tip of Manhattan, the Financial District is home to the some of the world's major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York.  

For more information on available space at the Woolworth Building, contact Eric C. Miller of Cammeby's International at 212-284-3778.

About Cammeby's International Group

Founded in 1967 by Rubin Schron, Cammeby's International Group is a privately held real estate company with a portfolio of industrial, office and residential real estate assets through 14 states.

Cammeby's International is headquartered in New York City and manages its business through operating platforms, each focused on a specific real estate asset class.

SOURCE Cammeby's International