New-York tribune., 1912-01-19
BIC LEASES IN DOWNTOWN SECTION
New Eight Story Structure in Old Greenwich District Rented for
S400OOO-Bq Space Taken in William Street Site.
SALES CONFINED TO DWELLINGS AND TENEMENTS

Two important leases in the downtown
section were announced yesterday. william
A. White & Sons have leased for the 81.
Johns Park Realty Company (James II.
Cruikshank and William d. Kiipatrick Tor
twenty-one years, at an aggregate net rem
tai Of about 100000. the new eight story and
basement mercantile building, on plot lol
xlO0 feet, at the southwest corner OF Green
wich and Barrow streets, opposite the
United States Appraisers Stores to \.
Kpstein q Co, importers OF aniline dyes
gums and chemicals. who have been To-
Gated in the vicinity OF Hanover Square
for about forty years.
The leasing OF this building completes the
renting Of the entire block. 2o0x2oO feet,
bounded by Greenwich, Washington. Nor
ton and Barrow streets which the same
owners purchased last year from Trinity
corporation and improved with eight story
loft buildings
Within year there have been completed
on and in the immediate vicinity OF TINS
block five eight story mercantile buildings.
covering an area of $500 square feet ana
containing close TO $1,000 feet of floor
space. These buildings are all occupied by
single tenants in varying lines of business.
Tine Mirror Candy Company has l35."
square feet; the General Electric company.
5000 square feet; the Simpson crawford
Company for the storage OF furniture, 90
90 square feet: Relas. Hess & Co. a cloth
ing mall order house. $4,000 square feet,
and the latest tenant, A Klipstein d Co..
5000 square feet
The Charles +. Moves Company has ne
H. 1a,a.=
yet made in the new insurance district.
These brokers have rented for the Wood
bridge Company TO the Phoenix Assurance
Company. Ltd. Of London. now at No. -
Cedar street 1890 square feet OF space in
the Woodbridge Building. at John and Will
lam streets The premises include large
portion OF the space on the ground floor
now occupied by the Johns Manvlle Com
pany. and this space will be used for un-
derwriting purposes; office premises in the
upper part of the building, as well as stor-
age vaults for records in the basement.
The lease is for a long term OF years at
an aggregate rental OF 800 900 The PhUnlX
Assurance Company is one of the largest
Of the English fire insurance companies,
the United States managers being Louis T.
Bayard and Percival Beresford This lease
confirms the strength OF the new insurance
district al John and William streets.
Most Of the sales reported Yesterday were
confined to dwelling and tenement house
properties
Plans have been filed for the construction
Of a twelve story mercantile building on
the west side Of Madison avenue. 2L9 70 L
south of Goth street. II will have front
age OF 494 feet and a depth Of s. feet. win
an extension. and will he fireproof. 10
Holsten is the owner The cost has been
estimated at $4,000
Plans have also been filed for the cree
tion Of three electric signs on the roof or
the Ansonia Hotel, on the west side of
Broadway. between I'D and 74th streets.
Each OF these signs will be 2l9 feet hign.
with electric letters feet high W. r. -.
Stokes is Se owner The Ansonia Hotel
Is the lessee. w T. Totten the architect.
has estimated the cost a S4.O1a