RFR Realty LLC Announces Three New Tenants Join 17 State Street Roster

NEW YORK, Aug. 8, 2013 /PRNewswire/ -- RFR Realty LLC today announced a trio of new office leases totaling 11,040 square feet at 17 State Street, the iconic 42-story office tower located across the street from Battery Park. The architecturally-distinct skyscraper, notable within the Lower Manhattan skyline for its curved blue glass facade, is located in the heart of Downtown's Financial District. Internet consulting and development provider Six Dimensions signed a 4,507-square-foot lease on the fourth floor of the signature property, while startup trading firm FDN Enterprises LLC and money manager Granger Management Holdings LLC took 3,270 square feet on floor 38^th and 3,263 square feet on floor 32^nd, respectively.

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These major new lease signings follow more than 100,000 square feet of leasing activity at 17 State Street over the past 12 months. Asking rents at the signature property are close to $60 per square foot.

"17 State Street has seen tremendous leasing momentum over the past year, which is a testament to the building's unmatched location in the heart of Downtown Manhattan and contemporary common areas and workspaces," said AJ Camhi, Vice President of RFR Realty. "The recent leases at 17 State Street are further tribute to the quality of our portfolio and our attention to tenant services."

These deals come on the heels of a 29,386-square-foot lease with law firm Nelson Levine De Luca & Hamilton, which is relocating from Battery Park Plaza and inked a long-term lease for the entire 29^th and 30^th floors at the preeminent property. 

Designed by Emery Roth & Sons in 1988, 17 State Street is known for its distinct curved glass facade and signature 15,000-square-foot boutique floors, and is widely considered one of Downtown's premier trophy towers.  The property boasts exceptional, Class-A office space with unparalleled views of New York Harbor, the Statue of Liberty, Ellis Island and Battery Park. Since acquiring the property in 1999, RFR has executed a capital improvement program consisting of upgrades to the corridors, lobby and common areas, as well as a renovated plaza with contemporary landscaping, seating and lighting. RFR has also installed two striking Keith Haring sculptures and one dramatic modern art piece by Carsten Holler. The firm's high-end pre-built program has also attracted a range of financial services, legal, media and technology tenants to the property.

Situated at the corner of State and Pearl streets across from Battery Park, 17 State Street offers outstanding access to multiple modes of transportation. The property is close to multiple subway lines, ferries to Staten Island and New Jersey, the New York Water Taxi and the Downtown Heliport.

Six Dimensions was represented in the lease negotiations by Andrew Simon of Colliers International and Peter Wloch of Empire Properties New York, FDN Enterprises LLC was represented by Arkady Smolyansky and Ben Friedland of CBRE and Whitten Morris of Cushman & Wakefield oversaw the lease transaction on behalf of Granger Management Holdings. The ownership was represented in-house by Steve P. Morrows, AJ Camhi and Ryan Silverman.

About RFR

RFR is a fully integrated real estate investment firm based in New York City with a core focus on select urban markets in the United States and Germany.  Founded by Aby Rosen and Michael Fuchs in the early 1990's, the firm has been an active force in the New York City and German real estate market for much of the past two decades. RFR's portfolio has grown to include more than 100 properties located in select domestic and international markets.  While its property portfolio is anchored in the Manhattan and key German commercial markets, RFR also has significant commercial, residential, hotel, and retail holdings.  RFR has a proven track record of adding significant value to the properties it acquires through property-level repositioning and strategic financial engineering.  RFR has created an organization with deep experience in all phases of the property life cycle and is positioned to take advantage of market opportunities.

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SOURCE RFR Realty LLC