Over 28,000 Sq Ft of Leases Completed at 180 Maiden, Amenity Upgrades Underway
BISWIRE/July 21, 2023 — Clarion Partners, LaSalle Investment Management and Banyan Street Capital announced the signing of three new leases at 180 Maiden Lane in Lower Manhattan totaling 28,385 square feet, including new tenant Basis Investment Group (BIG) relocating from 75 Broad Street.
Basis, a CRE Investment platform founded in 2009. will occupy 10,091 square feet on the 32nd floor of the 41-story waterfront tower. Design firm Walter P Moore will relocate to 11,719-square feet on the 32nd floor, expanding an additional 2,193 square feet. Financial services firm Royal Funding Group signed for 6,575 square feet on the 10th floor, also taking 2,008 square feet of additional space. Although specific lease terms were not disclosed, asking rents on the deals ranged from $58 to $65 per square foot.
Ownership was represented by the Cushman & Wakefield team of Tara Stacom, Rob Lowe, Justin Royce, Frank Cento, and Connor Daugstrup, along with JLR Realty Inc.’s Jesse Rubens in all transactions. Basis Investment Group was represented by Shawna Menifee from Integrative Partners, Walter P Moore was repped by the Cushman & Wakefield team of Trey Shake, Rob Lowe, and Nikki Dysenchuk, while Travis Egenberg of Norman Bobrow represented Royal Funding Group.
“Despite the challenges in the office market, 180 Maiden has emerged as a top destination for the next era of office space,” said Joshua Mandelberger, Vice President at Clarion Partners. “The building’s waterfront location and proximity to Pier 17, along with its new high-end pre-builts and comprehensive amenity upgrades currently underway, make it the perfect place for tenants seeking a more experiential business environment backed by strong institutional ownership.”
The 1.2 million-square-foot property, well known for its prominent East River location and spectacular views, is undergoing a significant series of upgrades to accommodate the needs of modern tenants as part of the flight to quality observed in the office sector. The existing conference area will be reimagined as a state-of-the-art multi-purpose conferencing and business center to accommodate the evolving needs of modern office tenants. The building will also feature a curated rotating food hall, with more lounge-style seating, new furnishings and finishes, as well as an upgraded fitness center and locker room area. 180 Maiden Lane now offers new on-site hospitality services, providing tenants with a more a hotel-style experience to further elevate the on-site workplace expectations. Construction is currently underway and is expected to open later this year.
In addition to the new lease transactions and new amenity package, 180 Maiden Lane is also attracting top-tier brands and cultural attractions. The building is steps to the vibrant Seaport District, including Pier 17, recognized as one of New York’s best live entertainment venues, along with the new market The Tin Building and The Fulton restaurant by Jean-Georges. In addition to being an iconic filming location for high-profile movies and television shows, renowned New York fashion designer Jonathan Simkhai selected 180 Maiden Lane to host his NYFW show earlier this spring.
Current availability at 180 Maiden ranges from move-in-ready units and high-end pre-builts to the 41st floor penthouse unit, a 23,000-square-foot space with 21-foot ceiling heights and the potential for one-of-a-kind private rooftop terrace.
For more information, visit https://180maiden.com
