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. DSA Property Group sold its 81-unit residential building at 106 Fulton Street for $77.5 million to Thurcon Construction and Development. 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 addition to its flagship office on the top two floors, The We Company has offices at 55 Wall Street, which it bought last year after leasing space there since 2008. 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 addition to its flagship office on the top two floors, The We Company has offices at 55 Wall Street, which it bought last year after leasing space there since 2008. Other landlord have sold properties in Manhattan’s Financial District in recent months.