U.S. Department of Justice, Drug Enforcement Administration (DEA)
New York, NY
270,000 SF
FD Stonewater secured a 20-year lease renewal (5-year extension followed by a 15-year lease) with the Federal Government for the U.S. Drug Enforcement Administration (DEA) located in lower Manhattan. This deal proved difficult to navigate during a time of economic pressures and increased scrutiny towards government spending on real estate. Additionally, challenges arose due to the Prospectus process required for large federal leases at the Regional level and Central Office level of GSA. FD Stonewater navigated these challenges, leveraged key government relationships, and achieved the optimal result for both the owner and the government.

Category: Brokerage
Building: 99 10th Ave, New York, NY
Square Feet: 270,000 SF