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W2O Group Leases 58852 Square Feet Office Space At 199 Water St, New York

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LEASED

New York

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Office58,852 SF
Leased 02/27/2019
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Property Image
LEASED

W2O Group Leases 58852 Square Feet Office Space At 199 Water St, New York

199 Water St, New York, NY, 10038

See Similar Deals
Office58,852 SF
Leased 02/27/2019
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:58,852 SF
Transaction Type:Lease

Located at 199 Water Street in New York, NY 10038, the office asset involved in this transaction is a trophy 35-story building spanning 1.1 million square feet. The property underwent a major renovation in 2014 and offers modern infrastructure, highly efficient floorplates, and breathtaking views of the New York Harbor, the Brooklyn Bridge, and the downtown skyline.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenants: W2O Group, WeWork, American Foundation for Suicide Prevention (AFSP)
  • Landlord: Jack Resnick & Sons
  • Square Feet: 58852

Jack Resnick & Sons announced significant leasing activity at the property, with three new tenants securing space. Alongside W2O Group's 58,852 square-foot lease renewal and expansion, WeWork signed a 201,231 square-foot lease covering five full floors, and the American Foundation for Suicide Prevention (AFSP) finalized a 24,595 square-foot lease on a portion of the 11th floor. These transactions reaffirm the property's status as a premier destination in Lower Manhattan, attributed to its desirable waterfront location and top-notch amenities.

Players

Michael Gottlieb
9 deals(201) 906-8436
BROKER

Details

LEASED
IMAGE: 02/27/2019 ADDRESS: 199 Water St, New York, NY, 10038 MARKET: New York ASSET TYPE: Office BROKERS: Michael Gottlieb(Avison Young) TENANT: W2O Group LANDLORD: Jack Resnick & Sons SQUARE FEET: 58852

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Deal Type
Effective Rent (Annual)

$3,373,361.13

Total Lease Value

$33,733,611.26

Net Landlord Cash Flow$3,373,361.13