Industrious Signs Long-Term Lease With Trinity Church Wall Street For 24,534 Square Feet Office
107 Greenwich Street
Building Size
24,534 SF
Asset Type
Office
Closing
May 19, 2025
AI
107 Greenwich Street, located in Manhattan’s Financial District, is an office asset comprising 24,534 square feet. The property is under the ownership of Trinity Church Wall Street and is part of the financial market segment.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 107 Greenwich Street
- Market: Financial District
- Landlord: Trinity Church Wall Street
- Tenant: Jamie Hodari - Industrious
- Landlord's Representative: Andrew Coe, John Wheeler & Margaux Kelleher - JLL
- Tenant's Representative: Justin Halpern, Edward Wartels & Benjamin Bouganim - Cushman & Wakefield
The transaction marks a long-term leasing agreement between the coworking firm Industrious and the landlord Trinity Church Wall Street, showcasing a significant partnership in the office market. The representatives from JLL and Cushman & Wakefield played pivotal roles in facilitating this deal.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93