The New York Police Department has signed a 15-year, 66,800 square feet at 469 Seventh Avenue as part of a large relocation.
The multiple-floor footprint will serve as administrative offices and meeting rooms for the NYPD’s Manhattan South Traffic Enforcement division, according to an announcement made this morning.
“The City of New York was drawn to 469 Seventh Avenue in particular because of its proximity to Penn Station, and its ‘building-within-a-building’ option,” said Eric Meyer, a Principal with Colliers International Tri-State, who arranged the lease with Marty Meyer on behalf of ownership Foremost Real Estate, in a statement. “The ability for the Manhattan South Traffic Enforcement division to have its own, private operations within a larger setting was a significant factor.”
The NYPD is expected to move into its new space, which occupies part of the ground floor (including a private entrance and elevators), the entire second, third, and fourth floors, and part of the sixth floor, in January of 2014, pending build-out of the space. It has secured a separate building entrance, a separate lobby, and private elevators.
The 267,000-square-foot 469 Seventh Avenue is set at the southeast corner of West 36th Street. Additional tenants in the building include small accounting firms, advertising agencies, and the Metropolitan Transit Authority.
Keith Cody, John Morrill, and Doug Holowink, of CBRE, represented the City of New York in the transaction. The brokers were not available for immediate comment.
