Securing a new location for its performing arts department and programs, Pace University has signed a 20-year lease for the entire seven-story 140 William St. property known as Fulton Crossing. The owner of the 50,000-square-foot building is Crikos LLC.

“This was a rare opportunity for Pace University to secure an entire building of ideal size and layout in a strategic location,” William McGrath, Pace’s senior vice president and chief administrative officer, said in an e-mail. “The new space is mostly an expansion due to the success and growth of our performing arts program.”

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