Rudin Management is putting 110 Wall Street up for sale and is reportedly asking $160 million for the 27-storey, 270,000 sq ft property. Apart from retail units the building is entirely occupied by The We Company , whose lease expires in 2035 . WeWork and The We Company occupy 110 and 21 floors of the building respectively. The deal will provide a benchmark of landlords' confidence in property leased to The We Company . The tower was built in 1964 by Samuel Rudin , grandfather of Samuel Rudin , chairman and CEO of WeLive , and the company is not thought to have sold any other properties recently. In a statement, a spokesperson for the company said that it is constantly exploring and evaluating options for its portfolio. Other landlord have sold properties in Manhattan ’s Financial District in recent months .
Rudin Management is putting 110 Wall Street up for sale and is reportedly asking about $160m for the 27-storey, 270,000 sq ft property. Apart from retail units the building is entirely occupied by The We Company, whose lease expires in 2035. WeWork and WeLive occupy five and 21 floors of the building respectively. The deal will provide a benchmark of landlords' confidence in property leased to The We Company. The tower was built in 1964 by Samuel Rudin, grandfather of Bill Rudin, chairman and CEO of Rudin Management, and the company is not thought to have sold any other properties recently. In a statement, a spokesperson for the company said that it is constantly exploring and evaluating options for its portfolio. Other landlord have sold properties in Manhattan’s Financial District in recent months.