NEW YORK CITY— CetraRuddy, a New York City-based architecture and interior design firm, has signed a long-term lease deal for nearly 23,000 square feet of space at the One Battery Park Plaza office tower in Lower Manhattan.
The firm, which is known for is design work on major residential projects, will be relocating its operations from 584 Broadway in SoHo to a portion of the eighth floor of the 35-story, 870,000-square-foot office building owned by the Rudin Family and joint venture partner Allianz Real Estate.
CetraRuddy signed an 11-year lease for 22,894 square feet and is expected to relocate to the property in the fourth quarter of this year. Rudin Management Co., the operating arm of Rudin Family holdings, also announced that non-profit Global Impact Investing Network, Inc. is leasing 9,200 square feet on a portion of the second floor for a 10-year term. The firm is currently located at 30 Broad St. and plans to relocate in the fall of this year..
The new leases for CetraRuddy and GIIN continue strong leasing activity at the property. Over the last several years, Rudin has signed several new leases and renewals in the building, including a 226,416-square-foot lease for international law firm Hughes, Hubbard & Reed; an 11,741-square-foot lease for nonprofit organization National Development Council and a 27,409-square-foot lease for San Francisco-based law firm Gordon & Rees.
“These transactions reinforce the emergence of One Battery Park Plaza and Lower Manhattan as a destination for creative companies and nonprofits as well as our valued financial services and law firm clients,” states Bill Rudin, co-vice chairman and CEO of Rudin Management Co. “CetraRuddy and GIIN will certainly benefit from our building's outstanding downtown location, newly renovated lobby and elevators, high speed connectivity, close proximity to transit and stunning views of Battery Park, the New York Harbor and the Statue of Liberty.”
Rudin sold a 49% stake in One Battery Park Plaza almost a year ago to Allianz Real Estate of America.
Michael Cohen and Andrew Roos of Colliers International represented CetraRuddy in the leasing transaction, while Zachary Price and Ramsey Feher of CBRE represented Global Impact Investing Network in its deal at the property. Kevin Daly, VP of commercial leasing at Rudin Management, represented the building ownership in-house in both transactions.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
