CITY OF NEW YORK RENEWS 372,520 SF LEASE AT 100 CHURCT ST.

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NEW YORK CITY — The New York City Department of Law has renewed its lease for 372,520 square feet of office space at 100 Church Street, the 1.05 million-square-foot building in Manhattan. The city's lease, which was set to expire in October 2013, will commence in November 2013 covering floors 2-6 and a portion of the building's concourse level. Additionally, building owner SL Green recently refinanced the property with a $230 million, 10-year loan bearing an interest rate of 4.6 percent. Wells Fargo Bank provided the financing, which the company says will be be used for general corporate purposes. Michael Geoghegan and John Morrill of CBRE represented the City of New York in the transaction. Peter Strauss and Christopher Smith of Shearman & Sterling represented SL Green.

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