RXR Realty announced that Cahill Gordon & Reindel signed a 20-year lease for 201,621 s/f on floors 17-22 at 32 Old Slip in Downtown Manhattan.
The deal marks the year’s largest direct new lease for Downtown Manhattan.
Cahill joins an roster that includes Daiwa Securities Group, Tradition Financial Services, and Alliant Insurances Services, The building offers tenants an amenity package featuring a parking garage, bike room, Convene conference center and a planned coffee bar.
“We are pleased to welcome the Cahill team and look forward to making 32 Old Slip their new, long term home,” said William Elder, Executive Vice President and Managing Director of RXR’s New York City division. “As the largest deal in Downtown Manhattan, it reinforces our long-term vision and investment approach for this asset.”
“Our focus was to land a first-class firm like Cahill at 32 Old Slip,” said Robert Alexander, chairman of the New York Tri-State Region of CBRE. “We’re very pleased that the strategy of finding a tenant of this caliber to make a long term commitment to the building came to fruition. This was a great opportunity for both the RXR team and Cahill.”
“It is a pleasure to have represented one of the most prestigious law firms in the United States in connection with their new lease in a premiere Downtown building,” said Moshe Sukenik, vice chairman, Newmark Knight Frank, who repped Cahill with Chris Mongeluzo, Eric Zemachson and Tamar Moy.
RXR was represented in the transaction by Alexander and his team Ryan Alexander, Michael Affronti, Zachary Price, Gerry Miovski. Elder and Daniel Birney of RXR represented ownership.