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Deals & Dealmakers

53,000 s/f leased at 199 Water Street

Jack Resnick & Sons announced 53,000 s/f of new leasing activity at their flagship lower Manhattan property, One Seaport Plaza.

The Center for Reproductive Rights, a nonprofit legal advocacy organization, has signed a 10-year, 36,985 s/f lease comprising the entire 22nd floor.

The organization is currently located at 120 Wall Street and expects to relocate into the property during the first quarter of 2015.

199 Water Street
199 Water Street

Allied World Insurance Company, a subsidiary of Switzerland-based and publicly traded Allied World Assurance Company, has expanded by 16,296 s/f, by leasing a portion of the 29th floor and now leases a total of 159,593 square feet spread across five floors.
Earlier in the year they signed a four floor, 15 year lease.

“The velocity of leasing activity at 199 Water Street can be attributed to the strength of Lower Manhattan’s economy, our desirable waterfront location and exquisite amenities,” stated Burton Resnick, chairman and CEO of Jack Resnick & Sons.

“These new leases are indicative of our reputation as long-term owners who are committed to our tenants’ needs and the surrounding Seaport neighborhood.”
Current asking rent at the office tower is $48 a foot, which is presently 100% leased.

Three full floors totaling 100,000 s/f become available for lease on January 1, 2015, when floors currently under lease to Wells Fargo come to market.

The Resnick Organization has also completed new leases with the WeissComm Group, Epsilon Data Management and Western Union over the last 12 months.

The new Swanke-Hayden Connell-designed lobby was renovated in 2013. Culinary favorite Roast Kitchen recently opened its second

Manhattan location on the ground floor of the building. Daniel Horowitz and Gary Kerper of Savills Studley represented the Center for Reproductive Rights and Joseph Zona and Paul Ippolito  of Newmark Grubb Knight Frank represented Allied World Insurance. John Cefaly and Robert Constable of Cushman & Wakefield worked alongside Brett Greenberg and Dennis Brady of Resnick & Sons in representing building ownership.

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