Starpoint Solutions Relocates to 22 Courtland Street
New York, NY (February 3, 2010)
With an imminent lease expiration at 115 Broadway, Starpoint Solutions, a technology consulting firm, has signed 14,700-square-foot lease for part of the 14th floor at 22 Courtland Street in Lower Manhattan.
“In addition to wanting to remain Downtown, the firm had specific design requirements and growth projections that this space supports nicely,” shared Studley Executive Managing Director Marc Shapses, who represented Starpoint Solutions with Studley colleagues Jason Schwartzenberg and Joseph Messina.
“The space was initially being marketed as a three-year sublease,” explained Mr. Shapses. “In order to secure a longer term for our client, we orchestrated a lease termination for the sublandlord and then structured a five-year direct lease with building owner Mayore Estates LLC.”
“We were looking at the long-term benefit of having Starpoint as a tenant in our fully leased building,” shared Barrett Stern of Grubb & Ellis, the landlord’s rep, “which is why the owner was amendable to the lease termination with the existing tenant and direct lease with Starpoint.”
Other building attributes that attracted Starpoint to 22 Courtland Street include its proximity to the PATH train and recent improvements, including a renovated lobby and new elevators, HVAC system and security system.
“Moreover, the landlord’s contractor quickly effectuated a quality, face-lift to Starpoint’s space,” added Mr. Schwartzenberg, “enabling the company to move in and be up and running by next month.”
Attorneys in the transaction were: David Feit, Esq. and Mark Schlanger, Esq. of David J. Feit, PLLC for the landlord, and Ann E. Ryan Esq. of Katsky Korins LLP for the tenant.
Studley is the only global tenant advisory firm with a pure tenant representation delivery platform. Founded in 1954, Studley pioneered this conflict-free business model. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley throughout Europe, Studley provides strategic real estate consulting services to top-tier corporations, law firms, nonprofits, government agencies and institutions of higher education. Information about Studley is available at www.studley.com