Fertility Wing of Weill Cornell Expands in Tribeca
Terence Cullen June 29, 2016, 2:30 p.m.
The Ronald O. Perelman and Claudia Cohen Center for Reproductive Medicine of Weill Cornell Medicine has finalized a 15-year lease at 255 Greenwich Street in Tribeca, Commercial Observer has learned.
The fertility center will be in 10,547 square feet on part of the building’s fifth floor, according to a press release from landlord Jack Resnick & Sons. It should begin operating at the 600,000-square-foot property between Park Place and Murray Street in January 2017. Asking rent in the deal was in the $60s per square foot, according to a source familiar with the deal.
“We’re delighted to add Weill Cornell Medicine to our prestigious tenant roster at 255 Greenwich Street,” Jonathan Resnick, the president of Jack Resnick & Sons, said in prepared remarks. “We are confident that they will benefit from the building’s strategic location adjacent to Downtown’s major transportation hubs and the distinctive neighborhoods of [the Financial District], Tribeca and Battery Park City.”
This will be an extension of the center’s existing facility roughly half a mile away at 40 Worth Street between Church Street and West Broadway, per a spokeswoman for the landlord.
Dennis Brady and Brett Greenberg of Jack Resnick & Sons represented the landlord in-house, while John Cefaly and Michael Burgio of Cushman & Wakefield represented the tenant. The C&W brokers did not immediately return a request for comment via a spokesman.
The lease at 255 Greenwich Street with Weill Cornell Medicine puts the building at 98 percent occupancy, according to the landlord. In June 2015, the Icahn School of Medicine at Mount Sinai took 14,600 square feet at the structure, as CO previously reported. Target signed a 48,242-square-foot lease at the building to open the store’s first outpost in Lower Manhattan.