RFK Jr.’s Nonprofit Signs Deal at 180 Maiden Lane [Updated]
By Terence Cullen September 30, 2015 4:15 pm
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A clean water nonprofit founded by Robert F. Kennedy Jr. is relocating to MHP Real Estate Services and Clarion Partners’ 180 Maiden Lane, Commercial Observer has learned.
Waterkeeper Alliance, an advocacy group for fresh drinking, swimming and fishing water, is taking 9,231 square feet on part of the sixth floor of the building between Front and South Streets, according to Handler Real Estate Organization, which represented the tenant. The nonprofit is slated to move in next January, and is currently located nearby at 17 Battery Place.
The nonprofit has been expanding and “desired a best-in-class, well-located building in Lower Manhattan,” said Peter Newman of Handler in prepared remarks.
The asking rent in the deal was $57 per square foot. Waterkeeper Alliance inked a 10-year deal that closed on Sept. 2, according to CoStar.
Mr. Newman represented the tenant along with colleagues Darell Handler and Jesse de la Rama. Tara Stacom, Rob Lowe, Frank Cento and Justin Royce of Cushman & Wakefield represented the landlord, along with Jesse Rubens, Richard Doolittle and James Tamborlane of MHP in-house.
“We are thrilled to add Waterkeeper Alliance, the world’s fastest growing environmental movement to our growing tenant roster at 180 Maiden Lane,” said David Greene, MHP’s head of brokerage services, in prepared remarks. “The asset quality, extensive amenity package, waterfront location with spectacular views and the ongoing redevelopment of the South Street Seaport will add to an already vibrant neighborhood and local amenity base.”
The partnership bought the building in January from SL Green Realty Corp. and The Moinian Group for $470 million. In May, the Holborn Corporation became the first tenant new ownership signed to the 41-story building, which sits along the East River.
Law firm Sam P. Israel signed a deal for 5,431 square feet on Sept. 8, CoStar data shows. The C&W leasing team represented the landlord along with Messrs. Rubens and Tamborlane, while Mr. Doolittle and Brett Varricchio represented the tenant. Sam P. Israel will also be on the sixth floor.
Update: This story has been edited to reflect the terms of the lease and full list of the brokerage team.
