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Deals & Dealmakers

Rudin Management completes 5 leases totaling over 100,000 sf at 80 Pine St

 Rudin Management Company announced today that it has completed five leases, totaling over 100,000 square feet of space at 80 Pine Street, a 1.2-million-square-foot office tower, which is currently undergoing a major repositioning.

New York Property Insurance Underwriting Association (NYPIUA) signed a 16-year, 14,752-square-foot lease for the entire 31st floor. NYPIUA is relocating from 100 William Street. Established in 1968, NYPIUA provides fire, marine, and casualty insurance services for New York State residents.

Weather forecasting media platform AccuWeather, Inc. signed an eight-year lease for 14,311 square feet across the entire 26th floor. AccuWeather is relocating from 7 World Trade Center. Recognized as a global meteorological authority, AccuWeather provides weather forecasts and information for billions of people across its digital, broadcast and print platforms.

Health information systems provider CureMD signed a10-year lease for 9,439 square feet of space on the 21st floor. CureMD is relocating from 120 Broadway. CureMD provides an award-winning network and tech-forward platform that is designed to personalize patient care delivery, enhance quality and patient safety, optimize efficiency and minimize costs.

Media and analytics company January Digital also signed a 4,782-square-foot, 10-year expansion lease to bring their total space in the building to 14,752 square feet across the entire 30th floor. January Digital provides paid media, strategic consulting, and digital marketing and analytics services to clients in such industries such as consumer packaged goods (CPG), tech and fashion.

Finally, The National Urban League signed a 57,245-square-foot, three-and-a-half-year lease for the entire ninth floor. The historic civil rights organization previously subleased the ninth floor space.

“Our recent leasing momentum is a testament to New York City’s ongoing resurgence in the office sector as well as a validation of our continued investments in 80 Pine’s infrastructure, amenities and common areas,” said Michael Rudin, Executive Vice President of Rudin Management Company. “The variety and quality of the tenant roster at 80 Pine speaks to Lower Manhattan’s continued appeal to a wide range of creative companies and organizations.”

This recent series of leasing successes follows the completion of the first phase of Rudin’s comprehensive capital improvement program at 80 Pine Street, which included the renovation of the building’s ground floor entrances and lobby. Working with Fogarty Finger Architecture, Rudin has completely reimagined the building’s ground floor spaces, which now feature white terrazzo flooring, white oak paneled walls, energy efficient LED lighting and new elevator cabs.

Rudin is currently focused on the second phase of the building’s capital program, which includes construction of a dedicated interconnected indoor and outdoor amenity center on the 22nd and 23rd floors. This amenity space will feature a café, lounge, conference facility and a 4,600-square-foot outdoor terrace. The renovation program also emphasizes occupant health and wellness measures, including touch-free access points and advanced air filtration technology. This phase is targeted for completion in 2022.

Rudin Management was represented in the transactions by its in-house leasing team of Tom Keating, Kevin Daly and Robert Steinman along with Frank Doyle, Alexander Chudnoff, John Wheeler, Kyle Young and Eliza Gordon of JLL.

New York Property Insurance Underwriting Association was represented by Savills Vice Chairman Marc Shapses; AccuWeather was represented by Newmark Managing Director Hal Stein and Vice President Daniel Appel; CureMD was represented by JLL Managing Director Michael Berman; January Digital was represented by Savills Corporate Managing Director Stephan Steiner; and The National Urban League was represented by Alan Grossman of ARG Realty Consultants.

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