Rudin Management Company selects JLL to lease 80 Pine Street
JLL has been selected by Rudin Management Company to lease 80 Pine Street, a Class A, 1.21 million-square-foot office building, located in the heart of the revitalized Financial District.
NEW YORK, August 12, 2020 — JLL was selected by Rudin Management Company, one of the most storied and well-respected privately owned real estate companies in New York City, as exclusive leasing agent for 80 Pine Street in Lower Manhattan.
The firm will provide a full range of marketing and leasing services for the class A, 1.21 million-square-foot office building located in the heart of the revitalized Financial District. Contiguous floorplates of up to 60,000 square feet each, with a total of 800,000 square feet available, provides a unique headquarters opportunity.
The JLL professionals overseeing the leasing assignment are led by Frank Doyle and Alexander Chudnoff, vice chairmen, and include Peter Riguardi, chairman and president of JLL’s New York operations; John Wheeler, executive managing director; Eliza Akers and Kyle Young, vice presidents.
In concert with the new leasing and marketing campaign, Rudin has launched a significant capital improvement program including a new reimagined lobby that can provide a building-within-a-building opportunity for a major tenant. In addition, the capital program is focused on the health and wellness of tenants and visitors at 80 Pine Street. The building is equipped with a High Efficiency Particulate Air (HEPA) filtration system with a Minimum Efficiency Reporting Value (MERV) rating of 15, superior to the American Society of Heating and Refrigerating and Air Conditioning Engineers (ASHRAE) recommended MERV rating of MERV 13. The building also utilizes an air side economizer system that brings in higher levels of fresh air than most new buildings.
In addition, CO2 levels are constantly monitored and fresh air intake is adjusted accordingly to maintain healthy indoor air quality. 80 Pine has also been reinforced to a high level of resiliency by replacing its mechanical, electrical, telecommunications systems with new state-of-the-art equipment installed at a new elevation of 21 feet above sea level.
”At Rudin, we are proud to continue our focus on innovation and creating spaces that are environmentally sustainable and technologically advanced,” said Tom Keating, Senior Vice President and Director of Commercial Leasing, Rudin Management Company. “Our work at 80 Pine Street is a perfect example of how we are proactively taking steps to ensure the health and wellness of our employees, tenants, and visitors.”
“Rudin Management is at the forefront of Manhattan building owners making positive changes at their property due to a changing marketplace,” said Frank Doyle, Vice Chairman of JLL.
“The reimagined 80 Pine Street offers a tremendous opportunity and value for a headquarters-quality office space within the revitalized Financial District,” said Alexander Chudnoff, Vice Chairman of JLL. “The Rudin’s vision for the repositioning of this storied asset will help position 80 Pine Street for the next generation of tenancy.”
Situated near the East River waterfront, 80 Pine Street is located between Pearl and Water streets, just two blocks from the Seaport District. It offers remarkable 360-degree views from the tower floors across the East River bridges, Brooklyn, Governors Island and New York Harbor.
Rudin created a tech subsidiary called Prescriptive Data and its Nantum building operating system has been a key tool in its response to COVID-19 throughout its commercial portfolio. Tenants at 80 Pine Street will benefit from the company’s new Nantum Tenant Building app, which allows tenants to access the building with their phone, view lobby and elevator wait times, and see key building health performance indicators such as interior temperature, humidity, CO2 levels, and air quality all in real-time.
The area features walking paths, a wide variety of shops and restaurants, and the brand new concert center at Pier 17. It offers easy access to the 2, 3, 4, 5, J and Z subway lines, the Staten Island Ferry and the NYC Ferry.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Rudin Management Company
Rudin Management Company is a full service real estate organization managing the interests of the Rudin Family, which owns and operates one of the largest privately held real estate portfolios in New York City. Among its real estate holdings, which includes the high-tech Dock 72 office tower at Brooklyn Navy Yard, are 16 commercial office buildings containing approximately 10.5 million square feet of space and 18 apartment buildings comprising over four million square feet of residences. For more information about Rudin Management Company, please visit https://www.rudin.com/.