Real Estate Weekly
Image default
Deals & Dealmakers

Rafael Viñoly to move HQ to 375 Pearl

Seattle-based Sabey Data Center Properties announced that it has signed a 36,550 s/f 20-year office lease with Rafael Viñoly Architects at 375 Pearl Street in Lower Manhattan.

The architecture firm, best known in New York City for designing the 1,396 ft. tall 432 Park Avenue residential tower, will move its headquarters to the entire top floor of the property in mid-2019.

Rob Stillman and Gerry Friedman of CBRE represented the tenant in lease negotiations, while their CBRE colleagues Gregg Rothkin and Gerry Miovski represented Sabey Data Centers, the landlord.
The top 15 stories of 375 Pearl Street were renovated by Sabey to replace the original stone façade with a panoramic glass curtain wall.

Rafael Viñoly Architects will occupy and build out the entire 31st floor of the building. The firm will create a mezzanine within the 23-foot-tall space, and will build a 500 s/foutdoor terrace on the southeast corner of the 31st floor.

Viñoly will relocate its practice from 50 Vandam Street in Hudson Square, where it has been headquartered for 28 years.

The lease brings the 900,000 s/f 375 Pearl Street to 80 percent occupancy by office tenants. Data center users occupy a major portion of the remaining space.

“375 Pearl Street’s large floor plate, exceptional 23 ft. ceiling heights and 521 ft. elevation with spectacular panoramic views towards Uptown, Downtown and the Brooklyn and Manhattan Bridges over the East River were the main attractions for Rafael Viñoly Architects,” said Clete Casper, Director of Real Estate for Sabey.

“The top floor is essentially a blank canvas for the architect to design a great new headquarters that matches the distinctive quality of their well-known works in New York City as all over the world.”
“In a true testament to the vision of Sabey Data Centers and the recent transformation that 375 Pearl Street has undergone, the building’s elegant redesign has drawn the attention of many firms, including one of the world’s best-known architects, who is now moving its New York operations there,” said CBRE’s Rothkin.

Related posts

Grosvenor Diversified Property Investments commits €40 million (£35.5 million) as it makes first investment after publishing expansion plans


Tishman Speyer Once Again Earns Sustained Excellence Award from ENERGY STAR, the Organization’s Highest Honor


Silverstein Properties Celebrates Completion of $60M Capital Improvement Program at U.S. Bank Tower in Downtown Los Angeles