In one of the largest Lower Manhattan transactions year-to-date, the Rudin Family has signed a 20-year lease renewal with international law firm Hughes, Hubbard & Reed for 226,416 s/f of office space at One Battery Park Plaza.
Spanning nearly 11 floors, the firm currently occupies the entire 10th through 18th floors, a portion of the 7th floor and a portion of the basement in the 36-story, 875,000 s/f class A building, located downtown and wholly owned by the Rudin Family.
“We’re delighted that One Battery Park Plaza will continue to serve as the home for this global law firm which has been headquartered in our building since 1999,” stated Bill Rudin, co-vice chairman and CEO of Rudin Management Company, the operating arm of Rudin Family holdings.
“One Battery Park Plaza is one of Lower Manhattan’s most visible and accessible addresses with dramatic views of Battery Park and the New York Harbor. This transaction reaffirms the strength of the downtown market as well as Hughes Hubbard’s and the Rudin Family’s commitment to downtown New York.”
Candace K. Beinecke, chair of Hughes Hubbard & Reed LLP, commented: “We are very pleased to reaffirm our 75-year commitment to downtown and look forward to continuing to work from the Rudin Family’s One Battery Park Plaza with its iconic views of the New York Harbor. We believe that maintaining our offices in Lower Manhattan will best enable our firm to continue to provide best in-class services to our clients. This commitment reflects our confidence in the Lower Manhattan market and its future as a true 24/7 hub for business, residents, tourists, open space, art and culture.”
Sam Sultanik, Jillian Kane and COO Gerard Cruse represented Hughes Hubbard in the long-term leasing transaction along with Neil Goldmacher, Chris Mongeluzo and Mark Weiss of Newmark Grubb Knight Frank. Thomas M. Keating, senior vice president and director of commercial leasing, represented the Rudin Family.
Constructed in 1971, One Battery Park Plaza occupies the full block bounded by Bridge, Pearl, Whitehall and State Streets. Major tenants include The Partnership for New York City, Liberty Mutual Insurance Company, Seward & Kissel and Meridian Capital.