The Real Deal New York

More space for Pace as university inks FiDi expansion

Longtime Lower Manhattan resident Pace University is picking up additional space at 161 William Street.

The school signed a seven-year lease for the entire 11,552-square-foot 10th floor — the 19th in its spread at the 22-story building. Rents for the new space were in the mid-$30s per square foot. Dennis Brady of Jack Resnick & Sons represented the landlord in-house, while David Falk and Kyle Ciminelli of Newmark Grubb Knight Frank represented Pace.

Pace will move onto the floor in the Jack Resnick & sons-owned building on April 1, replacing RBSD Architects, which is reportedly moving into a smaller space in the area.

The university houses classrooms, offices of its Seidenberg School of Computer Science & Information Systems, the school’s business incubators and conference center at the FiDi locale. Pace also recently opened a 24-story dormitory at SL Green’s 180 Broadway. [NYO]Julie Strickland