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Deals & Dealmakers

Three new tenants added to 180 Maiden Lane

Clarion Partners, an institutional real estate firm, and MHP Real Estate Services, announced that they are welcoming three new tenants to 180 Maiden Lane, the 1.2 million square foot tower that the joint venture is renovating to a market leading standard.

MHP Real Estate Services and Cushman & Wakefield act as co-leasing agents for the property.

Waterkeeper Alliance, an environmental organization dedicated to the preservation of watersheds, committed to 9,200 s/f with the help of Peter Newman of Handler Real Estate.

Sam Israel P.C., a creative commercial litigation firm with expertise in art law, intellectual property, securities, labor and bankruptcy matters, is establishing its new headquarters in 5,400 s/f. The firm was represented by Richard Doolittle and Bret Varricchio of MHP Real Estate Services.

FastMatch, an Electronic Communication Network for foreign exchange trading, leased 5,300 s/f. The firm was represented by Jesse Rubens and James Tamborlane of MHP Real Estate Services.

The three tenants were attracted to 180 Maiden Lane due to the extensive amenity base within the tower, the walkable amenities in the surrounding Seaport District, access to the water and close proximity to mass transportation.

The balance of the floor to be occupied by Waterkeeper Alliance and Sam P. Israel P.C. will feature pre-built office suites ranging from 3,000 s/f to 6,500 s/f. The building features full floor availabilities of 30,000rsf.

Clarion Partners and MHP purchased 180 Maiden in January 2015 and the partnership is nearing completion of a $28 million renovation plan which includes extensive upgrades to the ground level public plaza with a new retail kiosk and
collaborative seating areas.

A renovated full-service cafeteria and seating area offers views of the Brooklyn Bridge and East River and the owners have created a new fitness studio with state-of-the-art equipment, featuring spin and TRX areas, and locker rooms.

“We are thrilled to add these three companies to our growing tenant roster at 180 Maiden Lane,” said David Greene, President of Brokerage Services at MHP Real Estate Services.

“The asset quality, extensive amenity package, waterfront location with spectacular views and institutional ownership and management provide for a unique office environment, and the on-going redevelopment of the South Street Seaport will add to an already vibrant neighborhood and local amenity base.”

The 1.2 million square foot property features panoramic views of New York Harbor, the Brooklyn Bridge, and the Statue of Liberty, and is located steps away from both the South Street Seaport and numerous public transportation options, including the newly renovated Fulton Street hub and East River ferry landings.

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