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The Financial Services Volunteer Corps., a non-profit organization that sends U.S. professionals to developing countries to help establish modern financial and banking systems, has signed a deal for six years at 800 Third Avenue. The 14-year-old organization subleased 15,687 square feet from Vivendi Universal. Michael Rishty, an associate of Simpson Thacher & Bartlett, represented Vivendi. Marc Isaacs, a member of Young Moriwaki Isaacs & Greenfader, represented FSVC. FSVC is a private-public partnership whose mission is to help build sound banking and financial systems in developing countries. Since it was founded in 1990, more than 5,500 experts in finance, law and regulation have taken part in more than 1,100 FSVC missions in 30 countries. The non-profit group currently operates in Albania, Croatia, Czech Republic, Georgia, Indonesia, Macedonia, Poland, Romania, Russia, Slovakia and Ukraine. The terms of the lease were not disclosed. Jane Roundell, Marcus Rayner and Ed Wartels of Cressa Partners acted as brokers for Vivendi Universal. Ira Rovitz of CB Richard Ellis and James Emden, formerly of CB Richard Ellis, acted for FSVC.
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Claremont Preparatory School, a private school for grades K-8, will open at a new location, 41 Broad St., in the fall of 2005. MetSchools, Inc., a for-profit education group that operates seven preschools in Manhattan, Brooklyn and Queens, will operate the facility. Legal counsel for the property’s owner, Walwilhall Associates, was provided by Herrick, Feinstein partner Jonathan Adelsberg and associate Patrick Dussol. MetSchools was represented by Craig Peligri, an attorney in private practice. Claremont Preparatory will seat approximately 1,000 students in the 100,000-square-foot property. The asking price was $30 a square foot. The 20-year deal has two 10-year renewal options. Work is to begin shortly on a $25 million renovation project that will include installation of a gym and cafeteria. The property, formerly home to Bank of America International headquarters, will keep some of its historic features, including the bank hall and vaults. Barry M. Gosin, and Howard J. Kesseler Jr. of Newmark & Co. Real Estate acted as brokers for Claremont Preparatory. Carl Trop and David Malitzky of Walwilhall acted for the company. Correction: In last week’s column, Raymond A. Sanseverino of Brown, Raysman, Millstein, Felder & Steiner was misidentified. He is a partner at the firm. Real Estate Marketplace is written by Eileen AJ Connelly. To report a transaction, contact the Law Journal at [email protected].

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