Lease Beat

NYC’s HRA Grabs 200K in the Bronx to Consolidate Offices

Courtesy of NY Construction

Courtesy of NY Construction

New York City’s Human Resources Administration will be opening a new office in Hunts Point.

HRA will be taking 200,000 square feet of Class A office space at the BankNote Building in the Bronx in an effort to consolidate three separate offices. The department will occupy the space that once belonged to the American Bank Note Company spanning three floors in the building.

Executive vice president Robert Giglio of Cushman & Wakefield joined up with Jodi Pulice and Ellen Israel of JRT Realty Group in representing the tenant. Paul Wolf, a principal of Denham Wolf Real Estate Services, represented the landlord, an affiliate of Taconic Investment Partners.

In addition to HRA’s lease, the Bronx-based Urban Health Plan signed a 20,000-square-foot deal for its executive offices. The lease duration spans 10 years.

“Starting in 2007, our goal for The BankNote was to provide companies and organizations like HRA and Urban Health Plan with large, open blocks of quality space to reimagine into offices, healthcare centers, training facilities, schools and creative spaces,” said Peter Febo, the senior vice president of Taconic Investment Partners, in a prepared statement.

“These two transactions have established the BankNote as the preeminent office destination in the Bronx.”

“The BankNote building is helping transform the South Bronx into a business hub, housing non-profits, community organizations, creative companies, and schools,” the Bronx borough president Ruben Diaz Jr. added in the statement as well.

Follow Michael Ewing via RSS.