199 Water Street fully leased following pair of deals

Nonprofit and insurance company sign for a combined 53,000 square feet

TRD New York /
Jul.July 14, 2014 12:30 PM

Jack Resnick & Sons have fully leased up 199 Water Street following two deals that filled the remaining 53,000 square feet in the 35-story seaport office building.

The nonprofit Center for Reproductive Rights took out a 10-year lease on 36,985 square feet on the 22nd floor, the New York Observer reported. Daniel Horowitz, Jeffrey Peck, Gary Kerper and Kurt Handschumacher of Savills Studley represented the advocacy group.

Insurance firm Allied World Assurance Company leased an additional 16,296 feet on the 29th floor for 15 years, bringing the company’s total space in the building to nearly 160,000 square feet. The company’s agents were Joseph Zona and Paul Ippolito of Newmark Grubb Knight Frank.

Office spaces at 199 Water Street are fetching $48 per square foot, the landlord told the paper. The owner was represented in house by Brett Greenberg and Dennis Brady, with assistance from John Cefaly and Robert Constable of Cushman & Wakefield. [NYO]Tom DiChristopher

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