Frank Recruitment Group Subleases 35,454 SF Office At 199 Water Street To VCT Holdings

The property asset involved in this transaction is an office space located at 199 Water Street in Manhattan. The total square footage of the asset is 35,454, with an asking rent set at $40 per square foot. The lease term for this property is five years under a modified gross lease type.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $40/ft
• Address: 199 Water Street
• Market: Manhattan
• Asset Size: 35,454 SF
• Lease Term: 5 years
• Lease Type: Modified Gross Lease
• Sublandlord: Frank Recruitment Group (Tenth Revolution Group)
• Subtenant: VCT Holdings
• Landlord's Rep: Seth Hecht - JLL
• Tenant's Rep: Steven Evans - Platinum Commercial

This deal involved key individuals from the respective companies. Seth Hecht represented the landlord through JLL, while Steven Evans served as the representative for the tenant, associated with Platinum Commercial. The sublandlord was Frank Recruitment Group, also known as Tenth Revolution Group, with VCT Holdings acting as the subtenant in this transaction.