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RKF Completes Leasing Assignment at 10 Hanover Square, AKA 114 Pearl Street
08/21/2007


Fresco by Scotto to open in Financial District

New York, NY — Robert K. Futterman & Associates, LLC (RKF), a leading independent real estate firm specializing in retail leasing, investment sales and consulting services has completed its leasing assignment at 10 Hanover Square, also known as 110-114 Pearl Street by leasing 8,200 square-feet of space to restaurant Fresco by Scotto. An additional 5,200 square feet has already been leased by RKF to Original Soupman, Starbucks and Washington Mutual.

RKF Chairman & CEO Robert K. Futterman, Senior Managing Director Ariel Schuster and Associate Brett Weinblatt represented building ownership, The Witkoff Group. Formerly a corporate headquarters, 10 Hanover Square has been redeveloped into a new 23-story, luxury residential rental building offering condominium style finishes and amenities. The building is located at the intersection of Hanover Square and Pearl and Water Streets in the heart of the Financial District.

"The arrival of these tenants to this once underserved market further proves that the Financial District has transformed into a true seven day retail neighborhood," said Schuster.

Fresco by Scotto, represented by Kim Mogull of Mogull Realty is expected to open in early 2008. The restaurant will occupy 4,200 square feet on the ground floor and a 4,000-square-foot basement.

The Original Soupman also recently leased 1,000 square feet on the ground floor, and is now open for business. Both units front Pearl Street, directly across from the new British Memorial Garden.
Starbucks and Washington Mutual, which previously leased 1,350 and 2,850 square feet respectively, are open for business as well.


The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $7.4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
 
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