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The Sapir Organization Announces Lease Renewal with New York City Law Department at 100 Church Street

NEW YORK, Feb. 11 PRNewswire — The Sapir Organization announced today that The New York City Law Department will renew its lease at 100 Church Street, continuing to occupy six floors. This lease renewal affirms the demand for commercial real estate in downtown Manhattan.

"It is a wonderful show of support for downtown Manhattan to have our city's Law Department exercise their option to remain at 100 Church Street," said Alex Sapir, president of the Sapir Organization. "We are pleased that the New York City Law Department remains on our tenant roster and we are confident that we will continue to enjoy a long and harmonious relationship."

100 Church Street is currently in the midst of a major capital improvement program encompassing structural, building, window replacements, and mechanical upgrades, as well as aesthetic enhancements to the common area spaces. CB Richard Ellis (CBRE), is the appointed exclusive leasing and property management agent for this 21-story, 1.1 million square foot multi-tenant office building, which was built in 1958 and was designed by the noted architectural firm of Emery Roth & Sons.

About The Sapir Organization: The Sapir Organization is a privately held, New York-based real estate holding and development firm with over 7 million square feet of prime Manhattan commercial office space. Founded by Chairman Tamir Sapir, the company is embarking on ambitious new residential and multi-use projects under the leadership of its President Alex Sapir. The Sapir Organization owns significant architectural landmarks throughout Manhattan including 11 Madison Avenue, The Duke Semans Mansion, 2 Broadway, 260 Madison Avenue, 261 Madison Avenue, 384 Fifth Avenue, 100 Church Street, and two residential buildings, 50 Murray Street and 53 Park Place. Additionally, the company is expanding its reach with SDS Investments, an investment and development company that funds a wide range of real estate projects including the William Beaver House, a residential condominium currently under construction in the Financial District. The Sapir Organization has partnered with Donald J. Trump and the Bayrock Group to develop the Trump SoHo Hotel and Condominium New York, the first five-start luxury hotel condominium under construction in SoHo. Sapir is at the forefront of the revitalization of downtown Manhattan and currently has projects in the U.S. and Mexico in excess of $1.5 billion. Zina Sapir-Rosen, vice president of The Sapir Organization, oversees the company's extensive philanthropic endeavors.

RUBENSTEIN PUBLIC RELATIONS Contact: Olga Shmuklyer Phone: (212) 843-8364 Email: oshmuklyer@rubensteinpr.com

SOURCE The Sapir Organization