Law Firms Take Wall St. Address

NEW YORK CITY-A pair of law firms have taken nearly 30,000 square feet of space in two separate deals at 14 Wall St., a 37-story office tower once known strictly for financial tenants. Newman Fitch Altheim Myers P.C. has leased 22,100 square feet on the 22nd floor at 14 Wall, while Gibson & Behman took 7,000 square feet on the fifth floor.

Joshua Zamir and Daniel Ghadamian, managing principal and principal, respectively, of Capstone Equities, tells GlobeSt.com the terms of these new leases are five years for Gibson & Behman and three years for Newman Fitch. Asking rents were not disclosed, but are believed to range from the low $40s on lower floors to the high $40s per square foot on mid-level floors. Capstone co-owns 14 Wall with the Carlyle Group, its partner in a 2007 joint venture that acquired the Financial District property for $325 million.

“Given the strategic location of this landmark property and its close proximity to the financial and insurance industries, both of these distinguished law firms will benefit from the synergy of the FiDi neighborhood,” Zamir says in a release. “These are prime examples that 14 Wall has broadened its tenant base from predominately financial services firms.”

Representing Newman Fitch was Robert Giglio of Cushman & Wakefield, while C&W’s John Mayefskey spoke for Gibson & Behman. A CB Richard Ellis leasing team including Howard Fiddle, Brad Gerla, Jonathan Cope, Evan Haskell and Michael Higgins represented the building ownership.

Oher tenants at 14 Wall include Arthur J. Gallagher & Co. of New York, Bank of America, H.G. Wellington & Co., the New York Stock Exchange, the Posse Foundation, Skidmore, Owings & Merrill, TheStreet.com, Time Warner Telecom, William H. Sadler, NYU Medical Center, FJ Sciame Construction Co. and Sciame Development. The property is currently 95% leased, according to Capstone.