Non-Profit Sports Facility Signs Long-Term Leasehold Condo Agreement at Pearl Street Tower

The recently renovated 100 Pearl Street building, formerly known as 7 Hanover Square, is adding a sports facility to its roster to tenants. Public, nonprofit Open Squash has signed a long-term lease-hold condo agreement for the entire 14th floor at an undisclosed purchase price. The deal is expected to close in the fall of 2022, and the facility will open to the public the following spring. The 21,432-square-foot space features 24-foot ceilings and will include eight squash courts with courtside bleacher seating for viewers, a café and seating area, locker rooms, workout areas, and a reception area. Other tenants at the building that is 96% leased include anchor tenant NYC Health + Hospitals (under the address 50 Water Street), Alger Asset Management, and the SEC.