Israeli University Nonprofit Moving to 199 Water Street
The American Friends of Hebrew University (AFHU), a nonprofit that raises funds for the Hebrew University of Jerusalem, inked a deal to move its offices to 199 Water Street in the Financial District, Commercial Observer has learned.
The nonprofit signed a long-term lease for 10,859 square feet on part of the 11th floor of Jack Resnick & Sons’ 35-story building, also known as One Seaport Plaza, a spokeswoman for the landlord said. Asking rent was in the low-$60s per square foot.
AFHU currently has its offices nearby in the Financial District at One Battery Park Plaza and plans to move into its new digs in June of next year, according to the landlord.
“We think [the office] is a really great balance between a professional and inspiring workplace while maintaining affordability,” said Lauren Davidson of Transwestern, who brokered the deal for AFHU along with Lindsay Ornstein and Samantha Schrenker. “We were really honored to work with such an important organization. It was important that we find a space that represented them.”
In addition to AFHU, commodities broker Trident Brokerage Services signed on to move its New York City offices to 5,607 square feet on the 12th floor of 199 Water Street. Asking rent was also in the low-$60s per square foot.
The brokerage — which also has outposts in Houston and London — will ditch its current offices at 17 State Street for Water Street next month, according to the landlord.
“This robust leasing activity is a testament to the improvements we have undertaken at the building and the strength of the Lower Manhattan office market,” Jonathan Resnick, the president of Jack Resnick & Sons, said in a statement.
Resnick added that the company has leased more than 400,000 square feet in the 1.1-million-square-foot 199 Water Street since the beginning of this year, including a 201,231 square foot deal with WeWork, marketing firm W20 Group’s expansion to 58,852 square feet and Med Review nearly doubling its space in the property to 72,429 square feet, as Commercial Observer reported.
Brett Greenberg and Adam Rappaport of Resnick handled both deals in-house along with Cushman & Wakefield (CWK)’s John Cefaly, Robert Constable, Ethan Silverstein, Stephen Bellwood and Myles Fennon. C&W’s Edward Mombello and Charlie Stephens brokered the deal for Trident. A spokesman for C&W did not respond to a request for comment.