Ameriprise Financial Renews 37,704-Square-Foot Lease At 285 Fulton Street In Financial District

The property involved in this transaction is located at 285 Fulton Street in the Financial District, classified as an office asset. Ameriprise Financial has renewed its lease for a total of 37,704 square feet, extending the agreement for another 10 years. The asking rent for this transaction remains undisclosed.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Undisclosed
• Address: 285 Fulton Street
• Market: Financial District
• Landlord: Douglas Durst & Jody Durst - Durst Organization
• Tenant: Ameriprise Financial
• Landlord's Representatives: Eric Engelhardt, Karen Rose, Sayo Kamara - Durst Organization; David Falk, Peter Shimkin, Hal Stein, Nathan Kropp & Paige Raiside - Newmark
• Tenant's Representatives: Josh Kuriloff, Drew Braver, Heather Thomas & Nicole Estevez - Cushman & Wakefield

This lease renewal deal involved significant negotiation efforts. The Durst Organization, alongside the Port Authority of New York and New Jersey, facilitated the transaction with the involvement of various brokers representing both the landlord and tenant parties. The successful renewal reflects ongoing confidence in the Financial District as a prime location for business operations.