Insurance Trade Group Relocating to Silverstein’s 120 Wall Street

Insurance Trade Group Relocating to Silverstein’s 120 Wall Street

By Alex Appel | Commercial Observer

ELANY, a non-profit that advises insurers and brokers in the excess and surplus specialty market, signed a 12-year lease for offices on the 24th floor, according to the statement. The firm will move to the building, located between Front Street and FDR Drive, next year in order to accommodate its corporate growth. It will be relocating from its current space at 55 Broadway, also known as One Exchange Plaza.

The asking rent for the building was in the high $50s per square foot. The deal was signed on August 1, a spokesperson from Silverstein Properties said.

Silverstein Properties’ Joseph Artusa and Harlan Strader handled the deal in house. Richard Levine and Adam Leshowitz of CBRE brokered the deal for the tenant.

“We are delighted to welcome ELANY to 120 Wall Street,” Artusa said. “We look forward to providing ELANY with a wonderful home to grow.”

Levine and Leshowitz declined to comment on the transaction.

The space that ELANY is moving into was previously occupied by à Lucis TrustSociety for Cosmetic Chemists and Risk Control Services, according to the spokesperson.

Other tenants in the 35-story building include event marketer Pico, advertisement agency Droga5, the American Foundation for AIDS Research and Girls Inc.

 

MORE ARTICLES

Bill Gates-Backed Bioscience Startup Inks Lease at Hudson Research Center 619 w 54th exterior shot READ MORE
Silverstein’s $700M Loan to Fund Construction of Massive Seattle-Area Project Seattle Buildings READ MORE
Governor Cuomo Announces 10 "Empire Building Challenge" Partnerships to Decarbonize High-rise Buildings, Combat Climate Change and Support the State's Green Economy MORE
Italian Fashion House Golden Goose Moving US HQ to 120 Broadway MORE
Stack's Bowers, rare coin auctioneer, enters Philadelphia market with Center City gallery MORE
Silverstein Properties announced that national law firm BakerHostetler has signed a 16-year lease. MORE
Silverstein Properties announced that national law firm BakerHostetler has signed a 16-year lease. MORE
Silverstein, Cantor Fitzgerald invest $56M in University City life sciences development MORE