MJHS Health Signs Lower Manhattan’s Largest Office Lease in 18 Months
CBRE has arranged a 138,374-square-foot, 30-year office lease at 55 Water St. for nonprofit health system MJHS Health System. MJHS will consolidate most of its Brooklyn offices and its current Manhattan location to the entire 46th and 47th floors of the 3.8-million-square-foot office tower in the Financial District. Reportedly it’s Lower Manhattan’s largest office lease in 18 months.
CBRE’s Howard Fiddle, Brad Gerla, Even Haskell and Mary Ann Tighe represented building owner New Water Street Corp., a subsidiary of the Retirement Systems of Alabama. The CBRE team of Chris Mansfield, Harly Stevens and Zach Weil represented MJHS. David Portal of Nixon Peabody was legal counsel to MJHS and Jennifer Yashar of Fried Frank was legal counsel to New Water Street Corp.
“55 Water is one of the most attractive office addresses in Downtown Manhattan, offering MJHS and its employees an unsurpassed, amenity-rich workplace with ready access to transportation,” said Fiddle.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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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