"The building is anchored by a strong AAA tenant
on a long-term basis, highly sought-after by savvy real estate investors."
The complete real estate encyclopedia; from AAA tenant
to zoning variance and everything in between.
Now nearly 100 percent occupied, the 40 Wall Street's roster includes AAA tenants
such as American Express, Bear Steams and CNA.
Unlike the initial shock of sublease space that returned to the market by collapsing and bankrupt dot.coms, much of the space on the market today is occupied by large, downsizing AAA tenants
who still pay rent on their space.
Attractive centers that are fully leased by AAA tenants
are being gobbled up by the REITs - pushed to grow by Wall Street's growth expectations - at capitalization rates more aggressive than we choose to pay.
Despite the slowdown of Long Island commercial transactions, the 1.5 million-square-foot prime office park has been actively closing deals with AAA tenants