One of the Rudin Family’s original tenants at 80 Pine Street, which opened over a half-century ago, is continuing to grow its footprint at the downtown property.
Law firm tenant Cahill Gordon & Reindel LLP has leased an additional 13,500 s/f comprising the entire 26th floor at the 38-story, 993,000 s/f office tower.
The long-term lease brings the firm’s total presence in the building to approximately 250,000 s/f spanning 9 floors.
“Cahill has been our tenant since we opened in 1960 and we’re delighted that one of the elite names in New York’s legal community continues to grow its practice at 80 Pine Street,” stated Bill Rudin, co-vice chairman and CEO of Rudin Management Company, the operating arm of the Rudin Family holdings.
“Cahill has thrived in Lower Manhattan by focusing on significant opportunities and complex challenges facing the financial services industry and other multinational corporations from their strategically located home base location between Wall Street and all major municipal, state and federal institutions.”
Moshe M. Sukenik of Newmark Grubb Knight Frank represented the tenant in the 7-year transaction. “We very much appreciate the advice and guidance provided by Moshe Sukenik and Newmark Grubb Knight Frank in connection with our recent leasing activity,” said Cahill partner Daniel J. Zubkoff.
Gene Baumstein and Tom Keating of Rudin Management represented the building’s ownership in house. Asking rents for office space at 80 Pine Street range from $35 to $44 a square foot.
Built in 1960, the building occupies the entire block bounded by Pine Street, Pearl Street, Maiden Lane and Water Street. Currently, 80 Pine Street is 95% occupied by such tenants as AIG, it’s largest tenants with 600,000 s/f .