Pace University has renewed its 32,707-square-foot lease at the downtown office building 156 William Street, sources have told The Commercial Observer.
The university will lease the building’s entire fifth floor and a portion of the eighth. Asking rents at the property, a 190,000-square-foot building owned by Capstone Equities, are in the $30s per square foot.
In a scene reminiscent of the Oscars, Newmark Knight Frank’s Executive Managing Director Lance Korman learned he had won the national brokerage firm’s “Top Producing Broker of the Year” accolade on the very night of the awards ceremony.
Pace University has reached an agreement to move into 140 William Street, taking the entire 50,000 square foot building for its dance and visual arts programs, The Commercial Observer has learned.
The school will be relocating from its current space at 280 Broadway
, said David Falk
, president of Newmark Knight Frank
who represented Pace in the deal.