“I don’t know of any company that’s moving to the area between Water Street and the river,” one broker said. The building moreover must compete with nearby properties, such as 60 Wall St., that are also empty or near-empty. Nightingale Group and Wafra Capital Partners bought a $175 million long-term leasehold on the 25-story, 1.2 million-square-foot tower at 111 Wall St. The company's mailing address is 595 Madison Av3e 21st Flr, New York, NY 10022. The owners boldly embarked on a $100 million modernization and architecturally distinguished “repositioning” that included an all-new, bronze-trimmed curtain-glass facade and spent $220 million more for the land underneath the tower in 2021.īut the newly gleaming profile, East River views, impressive tenants’ amenities and state-of-the-art electronics and mechanical systems might not be enough to lure tenants to 111 Wall when downtown is limping under the city’s highest office vacancy rate of 21%. The Registered Agent on file for this company is Centurion Real Estate Partners, LLC and is located at 595 Madison Av3e 21st Flr, New York, NY 10022. It seemed like a sound, diamond-in-the-rough investment when financial and media companies were looking for lower-priced but viable alternatives to spectacular, brand-new towers - and nobody had yet heard of the coronavirus or work-from-home. CENTURION REAL ESTATE PARTNERS LLC specializes in: Real Estate Agents and Managers. Nightingale Group and Wafra Capital Partners bought a $175 million long-term leasehold on the 25-story, 1.2 million-square-foot tower in 2019 when Citigroup moved out. Free Business profile for CENTURION REAL ESTATE PARTNERS LLC at 595 Madison Ave, New York, NY, 10022-1907, US. The 1960s-vintage tower emerged from its ugly-duckling original appearance as a born-again downtown gem after a top-to-bottom redesign.īut the timing couldn’t be worse for its owners, who invested close to a half-billion dollars and face a collapse in demand for office space. epitomizes the crisis that faces the Manhattan commercial real-estate market - and the city itself. The James Beard Foundation now 'interrogates' its award nominees Music publisher Arcade Songs snags boutique office space in Hudson Squareĭurst Organization ditching One Bryant Park to accommodate growing workforceĬBS mulls sale of its West 57th St broadcast center Central Park Boathouse to reopen snack bar, boat concession this month
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