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Two New Large Tenants Give the Bronx A Boost

NEW YORK CITY-Together the two organizations will rent 220,000 square feet at the BankNote Building, which has undergone significant renovation.

By Rayna Katz | Updated on January 15, 2013

NEW YORK CITY- Taconic Investment Partners has inked deals with two non-profit groups to lease space in the BankNote building, which sits in the Hunts Point section of the Bronx.

New York City’s Human Resources Administration signed a 20-year lease for approximately 200,000 square feet at the building, Taconic announced Friday, while Urban Health Plan, a Bronx-based, not-for-profit healthcare provider, signed a 10-year lease for 20,000 square feet for its executive offices. The deals bring the class-A landmark building to just under 95% leased, with approximately 30,000 square feet of space remaining, according to the announcement. Robert Giglio, executive vice president of Cushman & Wakefield, and Ellen Israel, senior director of JRT Realty Group represented HRA in the transaction.

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