Pace Expands in FiDi
Lauren Elkies Schram Feb. 5, 2014, 7:45 a.m.
A longtime resident of Lower Manhattan, Pace University is expanding at 161 William Street, at Ann Street, according to building owner Jack Resnick & Sons.
In a seven-year lease, the school is taking the 11,552-square-foot 10th floor, bringing its footprint to more than 170,000 square feet over 19 floors. Asking rents were in the mid- $30s per square foot, Jack Resnick & Sons indicated. The school will take over the new space April 1.
The private school replaces RBSD Architects on the 10th floor; the architectural firm is relocating to smaller digs in the area.
Pace’s William Street campus is home to classrooms, offices of the Seidenberg School of Computer Science & Information Systems, the university’s business incubators and Pace’s downtown conference center.
Jack Resnick & Sons’ Dennis Brady, an executive managing director, and Brett Greenberg, a managing director, represented the building’s owner. David Falk, the New York tri-state region president of Newmark Grubb Knight Frank, and Kyle Ciminelli, a managing director at the firm, represented Pace.
The 22-story property, which is 100 percent leased, recently underwent a complete modernization. It features a new marble lobby, cooling tower, modernized elevator control system and Thermopane operable windows.