NYC Dept. of Investigation sets sights on 180 Maiden Lane

Agency considering leasing 300K sf

TRD New York /
Sep.September 27, 2016 08:38 AM

The city’s Department of Investigation is looking into a big chunk of space at 180 Maiden Lane in the Financial District.

The agency is in serious talks to lease more than 300,000 square feet at the building owned by Clarion Partners and Norman Sturner’s MHP Real Estate Services, the New York Post reported.

Cushman & Wakefield’s Tara Stacom, the property’s leasing agent, said, “We are still negotiating with multiple tenants, and there are no leases out to anyone.”

If the deal goes through, it would eat up a big chunk of the 700,000 square feet available in the building.The Investigation department’s staff has grown from 500 to 700 over the past three years.

“We’ve outgrown our currently nearly 200,000 square feet at five sites,” DOI spokesperson Diane Struzzi said. “We are in negotiations but we can’t comment on any location.”

The department now has offices at both 80 and 83 Maiden Lane, 250 Broadway, 160 Water Street and a location in the Bronx.

The leasing team has been chipping away at some 800,000 square feet of vacancy at 180 Maiden Lane after AIG relocated to 175 Water Street in 2014. Clarion and MHP spent $28 million on renovations after buying the building from SL Green Realty in 2014. [NYP, 2nd item] – Rich Bockmann


Related Articles

Department of Investigation Commissioner Margaret Garnett (Credit: iStock)

Evictions didn’t go down from 2017-2018 quite as much as the DOI thought

The city’s been investigating NYCHA for more than just its lead paint scandal

National Debt Relief takes another 30K sf at 180 Maiden Lane

Debt-consolidation firm inks 95K sf lease at 180 Maiden Lane

State agency to lease 43K sf at MHP, Clarion’s 180 Maiden Lane

City charges 14 in scheme to bribe BK building inspectors

City’s Department of Investigation officially signs at 180 Maiden

Five more years! Darcy Stacom, Bill Shanahan renew contracts