Borough of Manhattan Community College is expanding its sizable presence at Jack Resnick & Sons’ 255 Greenwich Street, according to a press release from the landlord.
BMCC signed a 17-year lease for 77,882 square feet on part of the building’s second floor and the entire third floor. The deal brings the college’s footprint at the 625,000-square-foot property up to nearly 245,000 square feet. Asking rent in the deal was $60 a square foot, Resnick & Sons noted in the release.
The City University of New York school already filled the 10th through 14th floors and a part of the second floor. Its space in the block-long building between Murray Street and Park Place features a student welcome center and a private entrance at 70 Murray Street. The college has been a tenant in the building since 2003 and inked a 20-year renewal in 2013, as Commercial Observer reported at the time.
Brett Greenberg and Adam Rappaport handled the lease for the landlord in-house, and CBRE’s Stephen Siegel, David Hollander and Richard Levine represented CUNY in the transaction. A CBRE spokeswoman didn’t immediately return a request for comment.
“We are thrilled to be able to expand our partnership with the Borough of Manhattan Community College,” said Jonathan Resnick, the president of Jack Resnick & Sons, in prepared remarks. “BMCC is one of Lower Manhattan’s most dynamic institutions, and we are pleased to assist them in creating a vibrant learning community designed for New York City residents and students from around the world.”
The Real Deal was the first to write about the lease.
Other tenants in the building include the New York City Office of Management and Budget, Cornell University, the Icahn School of Medicine at Mt. Sinai and Target.
“BMCC has had a lot of success that has led to steady growth of more than 27,000 students enrolled today,” Hollander said in a statement. “In order to accommodate this growth, we were able to add the second and third floors, consisting of 77,000 square feet, to BMCC’s envelope of space that now exceeds more than 240,000 square feet. The attraction of the building includes its proximity to the main campus, a private BMCC lobby, and large floor plates.”