CetraRuddy takes 23K sf at Rudin and Allianz’s One Battery Park Plaza

Architecture firm is relocating its headquarters from Soho

TRD New York /
Jun.June 12, 2017 09:30 AM

Bill Rudin and One Battery Park Plaza

Architecture and design firm CetraRuddy is relocating from its longtime office in Soho to the Financial District.

The company, perhaps best known for designing the One Madison condo building in the Flatiron District, signed an 11-year lease at Rudin Management and Allianz Real Estate of America’s One Battery Park Plaza, the Wall Street Journal reported.

A spokesperson for Rudin told The Real Deal that the lease covers 22,894 square feet. The firm is moving from 584 Broadway.

“You are seeing the continued movement of architectural and design firms downtown,” Rudin Management CEO Bill Rudin told the Journal.

The 870,000-square-foot One Battery Park Plaza is almost fully leased after the owners upgraded the building, including a lobby renovation and new elevator cabs. CetraRuddy TRData LogoTINY expects to move its 108 employees at the end of the year.

“When we moved to Soho 30 years ago it was the new frontier,” company co-founder and principal Nancy Ruddy wrote in an email. “And we’re glad to move to New York City’s growing nexus of pioneering design ideas.”

Leasing activity has been robust in Lower Manhattan so far this year, notching 2.3 million square feet worth of deals in the first quarter of the year, according to JLL. Real estate attorney Adam Leitman Bailey earlier this year took 26,000 square feet in One Battery Park via a sublease with the law firm Hughes Hubbard & Reed. [WSJ]Rich Bockmann

Related Articles

50 Rockefeller Plaza and Katten's Chris DiAngelo (Credit: Google and Katten)

Katten law firm moving to Rockefeller Center

WeWork's co-CEO Sebastian Gunningham speaks at the launch of Dock 72

What, We Worry? Execs remain confident in WeWork-anchored Brooklyn project

An example of roll-off waste management (Credit: YouTube, iStock)

Big building owners prevent city from dumping container-pickup in trash-collection reform

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

An aerial view One World Trade Center in Lower Manhattan (Credit: iStock)

On anniversary of 9/11, the World Trade Center office market is now helping propel Downtown