RFR Realty LLC announced today a new full-floor 14,500-square-foot lease with EnTech Engineering, P.C. as well as renewals for 7,234 square feet and 4,752 square feet respectively with StoneTurn Group and Herbert Jamison at 17 State Street, a 42-story, 570,696-square-foot office tower that is a defining part of Downtown Manhattan’s skyline.
EnTech Engineering, a consulting company specializing in construction, engineering, environmental inspection, safety and health, is relocating from 11 Broadway and taking a tower floor at 17 State Street. The firm’s projects include key infrastructure work in the New York area. Examples include work on the new 2nd Avenue subway, FDR East River Drive, the Randall’s Island Water Main Extension that is planned to take place underneath the Harlem River and work on the Bayonne Bridge which links New Jersey to Staten Island.
Meanwhile, global forensic accounting and business litigation firmStoneTurn Group has reupped its lease and business and commercial insurance provider Herbert Jamison, which has been a tenant at the building for almost 25 years, also renewed its lease.
These transactions come on the heels of a 140,000-square-foot lease renewal and expansion with IPsoft, Inc., a technology company that has developed an artificial intelligence called Amelia,which is a competitor to IBM’s Watson and Apple’s Siri.
“EnTech Engineering has experienced tremendous growth over the past few years and required a new space for its expanding operations, while StoneTurn Group and Herbert Jamison are both longstanding tenants who have extended their commitment to the building,” said AJ Camhi, Director of Leasing at RFR Realty. “Each of the executives and employees will benefit from theexceptional location, prestige and breathtaking water views.”
Mr. Camhi represented RFR in-house, along with Mitch Konsker and a teamfrom JLL that includes John Wheeler and Clayton Kline. Jonathan B. Fein of Cushman & Wakefield represented the tenant.
17 State Street, designed by Emery Roth and Sons, is situated on the corner of State and Pearl streets, offering outstanding access to transportation, restaurants, shopping and culture. The historic property, distinguished by its curved glass façade, also boasts stunning views of New York Harbor, the Statue of Liberty and Battery Park and is close to multiple subway lines, ferries to Staten Island and New Jersey, the New York Water Taxi and the Downtown Heliport.
About RFR
RFR is a fully integrated real estate investment firm based in New York City with a core focus on select urban markets in the United States and Germany. Founded by Aby Rosen and Michael Fuchs in the early 1990’s, the firm has been an active force in the New York City and German real estate market for much of the past two decades. RFR’s portfolio has grown to include more than 100 properties located in select domestic and international markets. While its property portfolio is anchored in the Manhattan and key German commercial markets, RFR also has significant commercial, residential, hotel, and retail holdings. RFR has a proven track record of adding significant value to the properties it acquires through property-level repositioning and strategic financial engineering. RFR has created an organization with deep experience in all phases of the property life cycle and is positioned to take advantage of market opportunities.
