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New York & Tri-State  + Downtown New York  + Office  |  May 3, 2018
The Rudin Family secured nearly 94,000 square feet of leases at One Battery Park Plaza in Lower Manhattan
Paul Bubny
By: Paul Bubny

Fire Pension Fund Crosses East River to Battery Park

The New York City Fire Pension Fund is vacating fire department headquarters at MetroTech Center in Brooklyn for Lower Manhattan. The fund has finalized a 15-year, 20,679 square-foot lease at One Battery Park Plaza, co-owned by The Rudin Family and Allianz Real Estate of America.

Also relocating to One Battery Park is online news organization Genomeweb LLC with a five-year, 3,851 square-foot lease. Currently, it’s based at 40 Fulton St. Both tenants expect to move later this year.
“These commitments are a reflection of the entire downtown market today, which is being driven by strong leasing activity by TAMI tenants and the financial services sector,” said Michael Rudin, SVP with Rudin Management.

Cushman & Wakefield’s Charles Borrok, Troy Elias and Frank Freda represented the pension fund, while CBRE’s Robert Wizenberg represented Genomeweb. Tom Keating and Kevin Daly of Rudin Management represented ownership in both deals.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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