Rudin Signs Four Tenants for 46K SF Total at One of FiDi Holdings
By Terence Cullen November 3, 2016 5:26 pm
reprints
Four tenants have signed leases at the Rudin family-owned One Whitehall Street between Stone and Bridge Streets for a combined total of 46,488 square feet, Commercial Observer has learned.
“Our building at One Whitehall Street has been extremely well-received by a diverse roster of tenants ranging from technology, media, nonprofit, professional services and more,” William Rudin, the chief executive officer of the building’s manager, Rudin Management Company, said in prepared remarks. “We are firm believers that our building and Lower Manhattan will remain strong and continue to attract high-growth companies.”
Nearly half of the leasing activity comes from the 20,208-square-foot early renewal by Enterprise Community Partners, according to a press release provided by the landlord. The real estate investment firm, which specializes in community development and affordable housing, signed a 12-year extension to stay at the Financial District building until 2028.
Enterprise Community Partners has leased the whole 11th floor of the 23-story property since 2008, the release indicates. Marc Shapses and Seth Wasserman of Savills Studley represented the tenant and declined to comment via a spokeswoman.
A digital marketing firm signed a new lease to occupy the whole 19th floor of the 405,000-square-foot building, according to the release. Selligent, which has been based in Chelsea, inked a 10-year deal and is slated to move into its new 11,323-square-foot office at the beginning of 2017.
Asking rent in neither the Enterprise Community Partners nor the Selligent deals were available.
The company’s offices are currently at 115 West 27th Street between Avenue of the Americas and Seventh Avenue, according to the release.
Paul Formichelli and Clayton Kline of JLL (JLL) represented the tenant. A JLL spokesman did not immediately return a request for comment.
It won’t be the only technology company in the building either. Architizer, a firm hosting a database of architectural information online, has signed a deal for its own office at One Whitehall Street. The company had been sharing office space with an architecture firm, Hollwich Kushner, on the 14th floor, the release indicates.
But it will solely occupy a 7,356-square-foot, pre-built office on about half of the property’s 10th floor. The lease is for eight years, according to the release. Craig Lemle and Nick Zarnin of Savills Studley represented Architizer and declined to comment via a spokeswoman.
Pre-built spaces at the 54-year-old building feature glass-enclosed offices and conference rooms, polished concrete floors and an open pantry area, the release notes. Kevin Daly, Rudin’s vice president of leasing, represented the landlord in all these deals and said in the release that asking rent for the pre-built spaces has been $55 per square foot.
Also taking a pre-built space at One Whitehall is Premier Home Health Care Services, which specializes in long-term home healthcare, per the release. The partial second-floor space will be the third Manhattan location for the White Plains, N.Y.-based company. The others are at 18 East 41st Street between Madison and Fifth Avenues and 494 Eighth Avenue between West 34th and West 35th Streets.
Premier’s space is 7,601 square feet, according to the release, and its length of lease was immediately clear. Bruce Surry and Sam Spillane of CBRE (CBRE) represented Premier in the deal. A spokeswoman for the brokerage did not return a request for comment.
News of the leases comes roughly a month after Regional Plan Association announced it would relocate from the Union Square area to the FiDi building. The urban planning think tank took 9,135 square feet on a portion of the 16th floor, as CO reported at the time.
When it moves into the building next year, it will be with similar groups such as The Battery Conservancy and the New York Landmark Conservancy. (Commercial Observer is also a tenant of the property). Topps Company anchors the building, occupying the fourth, fifth and sixth floors. The baseball card manufacturer’s 66,684-square-foot lease runs through September 2020, CoStar Group indicates.
The property, which was built in 1962 and renovated in 1989, is one of a handful of buildings the real estate family owns in Lower Manhattan. Other Rudin properties include One Battery Park Plaza (across the street from One Whitehall Street), 80 Pine Street between Water and Pearl Streets; 55 Broad Street between Beaver Street and Exchange Place; 110 Wall Street between South and Front Streets and 32 Avenue of the Americas between Walker and Lispenard Streets.
