Rudin reels in nonprofit at renovated 80 Pine

Rudin Management is racking up tenants at its recently renovated 80 Pine Street office building. 

Vibrant Emotional Health signed a lease for 60,000 square feet at the Financial District property, the New York Post reported. The asking rent for the space was in the mid-$50s per square foot. 

Vibrant’s arrival adds to a series of recent deals at Rudin’s 1.2 million-square-foot property, which has seen roughly 200,000 square feet in arrivals, expansions and renewals in the past year.

The nonprofit — which administers the national 988 Suicide & Crisis Lifeline and the Disaster Distress Hotline — will move from an office roughly half the size at 50 Broadway later this year.

Rudin tapped Fogarty Finger Architecture to renovate 80 Pine, changing the flooring and lighting of the ground-floor spaces and working on a yet-to-be finished amenity center on the 22nd and 23rd floors.

In 2021, Bank of America issued a $100 million financing package for Rudin to fund the costs of the extensive renovation. 

JLL was retained in recent years to market the building, which Rudin opened six decades ago, for lease. The property counted 800,000 square feet of vacant space in July 2021, including the office AIG was poised to leave as it consolidated its space in the area to 1271 Sixth Avenue.

The developer has leaned into renovating its existing office properties in step with Manhattan office tenants’ continued flight to quality. At 3 Times Square,JPMorgan Chase provided $415 million to Rudin and co-owner Thomson Reuters for a capital improvement project at the 885,000-square-foot building.

In December, prominent accounting advisory firm Anchin, Block & Anchin signed a 45,000-square-foot lease for 10 years, despite the unfinished state of the renovation. Additions to 3 Times Square, which is significantly younger than the property at 80 Pine, include a fitness center, dining area and conference space.