Hale Building

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Hale Building was an office structure which opened in 1927 at 7 - 9 - 11 East[1] 44th Street (Manhattan). Fred T. Ley & Company built the edifice and Shreve & Lamb were its architects. It was owned by the Eleven East 44th Street Corporation.[2] Hale Building is significant as an important residence for offices on the Lower East Side during the late 1920s and the Great Depression era.

The Hale Desk Company leased the 2nd, 3rd, and 4th floors of the Hale Building for use as its primary showrooms and executive offices. The lease, consummated in February 1927, was for a period of fifteen years. It covered approximately 16,000 square feet (1,500 m2) of space.[2]

Hale Building was auctioned, and its leasehold acquired, on a winning bid of $1,750,000, in April 1936. In a judgment in which Eleven East 44th Street Corporation was the defendant, Continental Bank and Trust Company, trustee and plaintiff, was awarded Hale Building. A judgment of $909,072 was involved.[3]

References[edit]

  1. ^ Directory Reference and Purchasing Guide (1935-1936) Medical Directory of New York Index of Advertisers, web page, researched on 12/2/09.
  2. ^ a b Hale Desk Co. Takes Space On East Side, New York Times, February 10, 1927, pg. 40.
  3. ^ Madison Av. Hotel Bid In At Auction, New York Times, April 30, 1936, pg. 9.

Coordinates: 40°45′16″N 73°58′44″W / 40.75439°N 73.97902°W / 40.75439; -73.97902