3/01/12 10:04am

lease beat

40 Wall Street

PFM Management Inks Deal at 40 Wall

Demand for space at 40 Wall Street continues to grow with news yesterday that the Trump Organization-owned building’s leasing agency signed financial advisory group PFM Management to a ten-year lease on the 49th floor of the office tower.

Public Financial Management, which does business as PFM Asset Management, is taking 9,263 square feet of turnkey space on the entire 49th floor of 40 Wall Street, brokers involved with the transaction exclusively told The Commercial Observer yesterday. Asking rents were in the low $40s. Read More

1/31/12 12:17pm

power broker

Donald Trump Jr. (photo credit: Hannah Mattix)

Trump Card: The Rise of 40 Wall Street and its Steward, Donald Trump Jr.

“For us, we had to do something different,” said Donald Trump Jr. last week, his voice rising with excitement.

Freshly tanned from a recent visit to Mexico, where he was overseeing a new project, the slicked-back scion grew steadily more enthusiastic as he discussed 40 Wall Street, an office tower that, with its rising and falling tenant roster, has contributed to the Trump Organization executive vice president’s growing reputation as a competent steward of the family name, a reliable fixer and successful dealmaker in his own right. Read More

By Daniel Edward Rosen 1/05/12 10:00am

lease beat

40 Wall Street. (Courtesy Property Shark)

Duane Reade Commits to Big Office Relocation at Trump’s 40 Wall Street

New York City drugstore pharmacy giant Duane Reade has agreed to relocate its corporate offices to 40 Wall Street, the same Trump Organization-owned office tower that already houses its sushi-serving, hair-styling flagship megastore.

Duane Reade will be taking the 21st and 22nd floors, for a total of 54,500 square feet, inside the 72-story building. The lease is for 15 years, with asking rents in the mid-$30s per square foot, several brokers said. Read More