The Real Deal New York

Clarion and MHP’s 180 Maiden Lane gets first new tenant since $28M renovation

Holborn Company inks lease for 25,000 square feet

May 04, 2015 09:30AM

180 Maiden Lane

180 Maiden Lane

A new tenant has inked a lease at the newly renovated 180 Maiden Lane.

Clarion Partners and MHP Real Estate Services spent $28 million on renovating the office tower in the Financial District, the Wall Street Journal reported. Reinsurance broker the Holborn Company — currently located at 88 Pine Street — signed on for 25,000 square feet on the sixth floor of the building, according to the newspaper.

The tower changed hands for $450 per square foot in September 2014, when SL Green sold it.

A Cushman & Wakefield team led by Tara Stacom represented the landlords together with the MHP leasing team. Asking rents in the building are between $50 and $70 per square foot.

The renovations on the 1.1 million-square-foot tower included the addition of a gym, upgrades to the public plaza and a new conference center. [WSJ, 2nd] — Claire Moses