Lower Manhattan William Street Building Secures 530K-sf Tenant Extension

According to the Department of Citywide Administrative Services (DCAS), which handles leases for the New York City, the NYC Administration for Children’s Services (NYC ACS) recently signed a 2-year extension for the 19-floors the city agency occupies at the Royal Insurance Building, 150 William Street. The extension for the 530,000-square-foot space included a backdating of the lease to September 1st, 2023, pushing the expiration date through August 2025. A tenant in the majority of the approximately 587,831-square-foot full block building since 1996, NYC ACS will be paying monthly installments of $1.3 million per month of its $16 million annual rent.

Source:    https://commercialobserver.com/2023/10/nyc-acs-150-william-street-lease-530k-sf/