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Upgrades Completed at 10 Lafayette Square

The Tishman Building has a new name and lobby.  New York City-based owner Solil Management has completed a renovation of the building’s lobby and ground floor exterior.  Rechristened 10 Lafayette Square, the owners have retained Gunner Tronolone of MJ Peterson Commercial Real Estate to refill the centrally-located property.

Built in 1958, the 19-story, 198,000 sq.ft. building served as the long-time headquarters for National Fuel until the utility company shifted its staff to Amherst in 2003.

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Previous attempts to sell or redevelop the building were complicated by an unusual ground lease arrangement.  Solil Management, the long-time landowner, finally gained control of the building in late-2008.  The firm had the tower listed for sale but decided to hold on to the building, invest in upgrades, and refill the building to increase its value.

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Lobby improvements completed in late-November include new lighting, stone panelling with wood accents  on the walls, a new concierge desk and building directory.  The entrance was extended and is now flush with the south facade facing Lafayette Square, bringing more natural light into the lobby.  Carmina Wood Morris was project designer and architect.

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A second floor conference room and dining area has been created and is available to building tenants.  Elevator cabs have been updated.  Bathrooms and common areas on individual floors will be upgraded as leases are signed.  

Approximately 170,000 sq.ft. is available for lease.

“Floors are approximately 9,000 sq.ft. each,” says Tronolone.  “Suites as small as 2,500 sq.ft. are available.”

Two tenants are currently in the building, National Fuel on the ground floor and Shatter IT on the third level.  Tronolone says the building is ideal for tenants with an information technology focus.  The owners are aggressively pricing the vacant space.  Until March 1, offices can be leased for $10.00/sq.ft. gross.

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The building offers spectacular views of Fountain Plaza and the Medical Campus to the north.

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A snow covered Lafayette Square is the building’s front yard.

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City Hall and Lake Erie view to the west from an upper floor.

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South view from former National Fuel executive conference room.

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Get connected:  Gunner Tronolone, MJ Peterson Commercial Real Estate- 716.913.7107

Loopnet listing here.

Written by WCPerspective

WCPerspective

Buffalo and development junkie currently exiled in California.

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