250 Hudson Street

"We're at the end," Dennis Brady, executive managing director of leasing for Jack Resnick & Sons, told The Commercial Observer at the end of December. He was referring to 250 Hudson Street's march to full occupancy. "God willing, in the not-too-distant future, we'll be able to tell you it's 100 percent rented."

Now comes news that American Express Travel Related Services has filled that final hole, leasing an entire 27,039-square-foot floor for 10 years.

For Amex, that means a move from World Financial Center in Battery Park City to the building formerly occupied by printing presses, now transformed by a $40 million reno into a swanky hang-out for PR firms and pep-talk peddlers.

According to the press release, "many" refer to it as the "new jewel of Hudson Square." Be that as it may, only a 3,100-square-foot retail space is available.

Michael Liss and Bruce Surry of CB Richard Ellis represented the tenant. Brett S. Greenberg and Dennis P. Brady of Jack Resnick & Sons represented landlord.

lkusisto@observer.com

110 East 59th Street

We can't tell if it's the pre-Lehman asking rents or the prescription pharmaceuticals, but it's a little dizzying atop Jack Resnick & Sons signature tower abutting Park Avenue.

RP Management, the investment manager for pharmaceutical royalties firm Royalty Pharma, has inked a 10-year lease for 13,284-square-foot on the entire 33rd floor. The firm was previously a subtenant in the building, where asking rents on the fully-leased top floors are $100 a foot.

Financial giant Cantor Fitzgerald relocated its world headquarters to New York, landing in Bloomberg's former space in the 37-story blockthrough tower. Karsch Capital Management and Mason Capital Management also have offices there.

Michael L. Goldman and Daniel Posy of Studley represented the tenant; Dennis P. Brady represented the owner in-house.

lkusisto@observer.com

Full.

Swedish retailer Polarn O. Pyret, the elite children’s clothing chain, has signed a lease for its first store in Manhattan. The 32-year-old brand, which has over 130 stores in Europe, leased 2,583 square feet in the last remaining commercial units at the Jack Resnick & Sons-owned 200 Chambers Street in lower Manhattan, brokers involved with the deal said.

The mixed-use condominium complex in Tribeca is now fully occupied, with Polarn O. Pyret expected to move in by next month, said the brokers, who added that the asking rent at 200 Chambers averages at $150 per square foot.

Robin Abrams of the Lansco Corporation represented the clothier in the 10-year lease while Dennis Brady and Fran Delgorio of Jack Resnick & Sons represented the owner.

“Completing our 54,000-square-foot retail leasing program with the addition of this world-renowned children’s clothing chain is like adding a cherry to our sundae,” said Mr. Brady, executive managing director at Jack Resnick & Sons, who added that all 258 residential condominiums have also been sold.

jsederstrom@observer.com

On the heels of its lease renewal at nearby 100 Church Street, the City of New York has re-upped for 207,812 square feet at 75 Park Place, a 14-story, 625,000-square-foot Jack Resnick & Sons building.

The space the city renewed for is used by the Office of Management and Budget, the Office of the Actuary and the Department of Information Technology and Telecommunications. It is spread across four full floors—6 through 9 there. Also in the building is space used by the Hudson Yards Infrastructure Corporation, created by the city to finance property acquisition and other work on the far west side related to projects like the extension of the No. 7 subway line.

75 Park Place.

Executive managing director Dennis Brady and managing director of leasing Brett Greenberg handled the leasing for Jack Resnick & Sons in-house. The city didn’t use a broker, according to a spokesman for the landlord.

Mr. Brady told The Commercial Observer that the building is 100 percent occupied, by tenants like RR Donnelley and Sons, Tradition North America and the Borough of Manhattan Community College.

“They have been a long term tenant of ours,” Mr. Brady added, about the city. “To us it was a huge vote of confidence in downtown that the city, who has tremendous options, has elected to remain in our building. The space lays out well for them—there are 50,000-plus square-foot floors.”

Jonathan Resnick, president of Jack Resnick & Sons, said the firm was “delighted that 75 Park Place will continue to serve as the home of these important city agencies, which have been headquartered in our building since 1990.”

Asking rents in the class A building, which Jack Resnick & Sons built in 1986, are in the mid-$40s. The lease renewal is for 15 years and six months.

cgaines@observer.com

Moda Operandi, an online retailer of ready-to-wear goods, is moving into its own Hudson Square area office space.

The firm will be moving from its current offices at 72 Madison Avenue to 315 Hudson Street, where it will take a 24,882 square foot space for a portion of the fifth floor.

315 Hudson Street (photo courtesy of CoStar)

Brett Greenberg, managing director of Jack Resnick & Sons, the owner of the building, represented the firm in-house.

Cushman & Wakefield's Owen Hane represented Moda Operandi in the deal. Asking rents in the building are in the mid-$40s-a-square-foot. The lease is for 10 years.

Calls to Mr. Hane were not returned by press time.

315 Hudson Street, a 427,972-square-foot Class B office building, just recently completed extensive renovations to its lobby and is currently pursuing LEED certification, Jack Resnick & Sons announced in a press release.

The Moda Operandi lease brings Jack Resnick & Sons' Hudson Square portfolio, which includes 250 Hudson Street, to 100 percent occupancy, the company announced today.

That rate, however, could change. 315 Hudson Street expects to have 52,000 square feet of availability by the fourth quarter of 2013.

The space was freed up after Amsco Publishing,  a publishing firm, had scaled back its space from a full-floor to a half-floor.

"We were impressed with their business model and the executives and we think they are a great tenant," said Mr. Greenberg.

Moda Operandi was launched in 2011 by Áslaug Magnúsdóttir and Lauren Santo Domingo, a former executive at Gilt Groupe and a contributing editor at Vogue, respectively.

The site curates a "exclusive online designer trunkshows" that gives its customers access to handbags and shoes, among other luxury items.

The "pretailer" is among the latest in a line of fashionable businesses to move their base of operations to the Hudson Square area.

Fashion designer Tory Burch took two floors (at a total of 80,000 square feet) at 35o Hudson Street, while designer Jen Kao took 9,715 square feet at 10 Hudson Street and fashionista Phillip Lim took 25,000 square feet at 304 Hudson Street. All of those buildings are owned by Trinity Real Estate. 

drosen@observer.com 

Univision renewed a long-term lease and expanded by 5,500 square feet at 485 Madison Avenue, giving the broadcaster a 21,234-square-foot presence there and pushing the building to 100-percent occupancy.

America's largest Spanish-language radio company now leases the entire third floor and part of the second floor of the Jack Resnick & Sons-owned building on Madison Avenue at 52nd Street. Dennis P. Brady and Fran Delgorio represented Jack Resnick & Sons in-house. Michael Gottlieb and Martin Cottingham of Avison Young represented the tenant. Mr. Brady and Ms. Delgorio have led a leasing campaign at the 25-story, 300,00-square foot building, which previously served as CBS headquarters and the transmission point of Orson Wells' famous "War of the Worlds" broadcast.

Independent public relations firm Robert Marston and Associates Inc., financial services consultant S.D. Daniels & Co. and law firm Klein Zelman Rothermel LLP are among the other tenants who signed there in recent months, for asking rents of $55 per square foot.

Mr. Brady attributed 485 Madison's success to recent upgrades that brought energy-efficient windows and central air conditioning as well as modernized elevators. "The lease-up is a testament to our ambitious building-wide capital improvement program, which has helped attract new tenants and retain old ones as well," he said in a prepared statement.

Univision has had radio stations and marketing divisions in the building since 1995. Avison Young and Jack Resnick & Sons did not respond to immediate requests for comment.

Perhaps better known as the gateway to the Holland Tunnel, the burgeoning Midtown South submarket Hudson Square has, in recent years, begun to attract the type of creative tenants that in previous years flocked to neighboring Chelsea and NoMad.

Dominated largely by Trinity Real Estate, with its centuries-old real estate tradition, the market’s other owners have started to cater their properties to an exciting new breed of tenant, and a neighborhood improvement plan is not far behind.

Trinity's 350 Hudson

In their efforts to attract media and tech tenants to Hudson Square, real estate owners have employed a number of strategies, ranging from property enhancements to website design.

“We continue to be optimistic about the area as new, creative tenants sign leases,” said Brett Greenberg, managing director at Jack Resnick & Sons, whose portfolio in Hudson Square includes 250 and 315 Hudson Street.

While its real estate holdings in Hudson Square may pale in comparison to Trinity’s 5.5 million square feet of office space, Jack Resnick & Son’s properties on Hudson Street are beginning to attract big-name creative tenants. Both properties are 100 percent leased and occupied; their tenants include TED Conferences, which leased space last year in 315 Hudson Street, whose lobby was recently renovated to include a new marble floor, a concierge desk and renovated elevator cabs.

“We have a phenomenal roster of tenants across all different industries, and we continue to grow and thrive in the area,” Mr. Greenberg said.

Not to be outdone, Trinity Real Estate has instituted its own plan to bring a new category of tenant to its properties that has included reshaping its website.

“We have a user-friendly website geared more toward that Midtown South vibe,” Jason Pizer, Trinity’s president, told The Commercial Observer (see interview, page 30). “It has a very creative flavor.”

Trinity has also repositioned its properties to include amenities that creative tenants seek, including bike rooms, open spaces and recycling programs.

“We’re trying to be sustainable,” Mr. Pizer noted. “We’re trying to tell our tenants we want to be at the forefront of sustainability.”

Sustainability is a trend throughout the neighborhood, where Jack Resnick & Sons’ aforementioned properties at 250 and 315 Hudson Street have been awarded the EPA’s Energy Star award. The building at 315 Hudson Street has also been registered with the U.S. Green Building Council for LEED certification.

The community of Hudson Square is not far behind in adapting to the changing tenancy in the market. In October of last year, the Hudson Square Connection, a business improvement district, released a $27 million, five-year master plan aimed at promoting a green and sustainable neighborhood with pedestrian improvements.

“The public realm of Hudson Square will soon reflect the creativity that defines the businesses in the neighborhood,” Ellen Baer, president of the Hudson Square Connection, said in a statement at the time of the announcement.

The collective investments have paid off. With just a 3 percent vacancy rate in Trinity’s portfolio, and no availability in Jack Resnick & Sons’, there has been no letup in activity or interest.

“We’ve certainly been just as busy as we were last year and the year before,” Mr. Pizer said. “We’re not leasing up as much space, because we don’t have any, but between proposals going out and space tours, activity is just as robust.”

Jack Resnick & Sons has selected Cushman & Wakefield as the exclusive leasing agent for One Seaport Plaza at 199 Water Street, it was announced today.

A C&W team comprised of John Cefaly, Andrew Peretz, Robert Constable, Gregory Scott, Joseph Harkins and Courtney Adham will work alongside Resnick’s leasing team, led by Brett Greenberg and Dennis Brady.

“One Seaport Plaza is exceptional in the quality of its design and site configuration, with its expansive near column-free spacing providing efficient densities and abundant natural light that can accommodate the most stringent contemporary or traditional uses,” said Mr. Cefaly, executive vice chairman, in a prepared statement.

One Seaport Plaza is currently undergoing a lobby and elevator modernization program which includes infrastructure enhancements and added amenities. The building boasts 70,000 square feet of availability on the 14^th and 15^th floors. A further 300,000 square foot block of availability in the building’s high rise is anticipated to be available shortly.

“Cushman & Wakefield was the broker when we purchased the land and was our rental agent when we opened 199 Water in 1984; they played an integral role in the initial successful lease up,” said Burt Resnick, chief executive officer of Jack Resnick & Sons. “With a large block of leases expiring at the end of 2014 we look forward to working with them again.”

The 35-story, 1.1 million-square-foot office tower was built by Jack Resnick & Sons in 1984. Major tenants at the property include AON Service Corp., BGC Partners and Tullett Prebon Americas.

C&W did not immediately return requests for comment. Neither Mr. Greenberg nor Mr. Brady of Jack Resnick & Sons could be immediately reached.

Lenox Hill Hospital/North Shore-Long Island Jewish Health System has signed a 15-year renewal for 70,434 square feet at 110 East 59^th Street. Asking rents were in the $70s.

“They had a lease that had a little bit of term left to go, but they want to do some work in the space, so they just wanted to put a little bit more term on the lease,” Dennis Brady, executive managing director at Jack Resnick & Sons, the landlord, told The Commercial Observer.

The tenants, physicians associated with Lenox Hill Hospital, which was acquired by North Shore-LIJ in 2010, have been in the building for approximately 15 years and will continue to occupy the 8^th, 9^th and 10^th floors of the 37-story building.

“As North Shore-LIJ expands its New York City presence, we are pleased that 110 East 59th Street will remain a key Manhattan location for this highly respected healthcare organization,” added Jonathan Resnick, President of Jack Resnick & Sons, in a prepared statement.

The 500,000-square-foot Class A building also counts Cantor Fitzgerald, Estee Lauder and IMAX Corporation among its tenants. The landlord is currently marketing a 3,400-square-foot space in the tower portion of the property, where asking rents are $110 per square foot.

Mr. Brady represented the landlord in the transaction. The tenant was represented by Brian Waterman and Brent Ozarowski of Newmark Grubb Knight Frank.

NGKF did not immediately return requests for comment.

David B. Samadi, M.D., chief of robotics and minimal invasive surgery at Mount Sinai School of Medicine, has signed a lease for 8,179 square feet on the 21^st floor of Jack Resnick & Sons’ 485 Madison Avenue. Asking rent in the building is $54 per square foot.

Dr. Samadi, a urologic surgeon trained in oncology and robotic surgery, performed the first robotic prostate cancer surgery at Columbia Presbyterian Hospital and has performed over 3,800 prostate surgeries. Dr. Samadi has made a number of television appearances, including as a member of the Fox Medical A-team panel, and will use the 485 Madison Avenue office for patient consultations.

Built in 1929, the 25-story building at 485 Madison Avenue was acquired by Jack Resnick & Sons in 1976. Located in the Plaza District on the corner of 52^nd Street, the building hosts a number of high profile tenants including McKinsey & Company and Univision Radio.

As reported by The Commercial Observer, Univision renewed and expanded by 5,500 square feet at 485 Madison Avenue late last year, growing its footprint to 21,234 square feet.

The building’s entire 10,520-square-foot 18^th floor is available, though a lease on the space is pending.

Fran Delgorio and Dennis Brady of Jack Resnick & Sons represented the landlord in-house. The tenant, under the name Applegreen LLC, was represented by Norman Bobrow and Shawn Harooni of Norman Bobrow & Co., Inc.

Two leases announced last week have brought 199 Water Street, which was battered last year by Hurricane Sandy, to 97 percent occupancy, with just the 34,792-square-foot 15^th floor available at the 1.1-million-square-foot Jack Resnick & Sons property.

The largest of the transactions was NYCHSRO/MedReview Inc.’s 10-year lease for the entire 36,985-square-foot 27^th floor. The tenant, a nonprofit medical organization, has been a longtime subtenant in the building but recently signed a direct lease, effective January 1, 2015.

In a new lease, The WeissComm Group has secured the entire 35,454-square-foot 14^th floor at 199 Water Street. The public relations agency, which specializes in the healthcare, consumer products and biotech industries, will be relocating downtown from 114 Fifth Avenue.

“We’re delighted that these highly respected companies have decided to make 199 Water Street their home, which we feel is a tribute to both our building and the enduring strength and vitality of Lower Manhattan,” said Burt Resnick, chief executive officer of Jack Resnick & Sons, in a prepared statement.

As reported last month, Cushman & Wakefield was named the exclusive listing agent at 199 Water Street. At the time, Robert Constable told The Commercial Observer that the C&W leasing team had “shaken hands” on a deal at the building, where asking rent on existing space was $46 per square foot.

The property is undergoing an extensive capital improvement plan, a large portion of which is focused on addressing concerns raised by Hurricane Sandy’s impact on Lower Manhattan. As part of the plan, the building’s critical systems are being moved above the ground floor.

Mark Ravesloot and William Iacovelli of CBRE represented NYCHSRO/MedReview Inc. in the transaction. Dennis Brady and Brett Greenberg of Jack Resnick & Sons represented the landlord in-house.

WeissComm Group was represented by Cassidy Turley, while the C&W leasing team of Mr. Constable, John Cefaly and Andrew Peretz represented Jack Resnick & Sons alongside Mr. Brady and Mr. Greenberg.

C&W declined to comment.

The New York Public Library’s 58^th Street Branch has signed a 15-year renewal at Jack Resnick & Sons’ 110 East 59^th Street, where it has been located since 1969. Asking rent for retail space in the building is $200 per square foot.

“The New York Public Library is an important neighborhood asset,” said Bert Resnick, chairman and chief executive officer of Jack Resnick & Sons, in a prepared statement. “We are delighted to be able to extend their lease for many years to come.”

The library’s 7,750-square-foot branch occupies the ground and second floors of the 36-story, 600,000-square-foot building. The branch, which opened in 1907, was originally housed in the Carnegie building.

In addition to the New York Public Library, the tenant roster at 110 East 59^th Street includes Cantor Fitzgerald, IMAX Corporation and Four Seasons Hotels.

As reported by The Commercial Observer, Lenox Hill Hospital/North Shore-Long Island Jewish Health System signed a 15-year renewal for 70,434 square feet at 110 East 59^th Street in May. Asking rent for that deal was in the $70s.

Dennis Brady of Jack Resnick & Sons represented the landlord in-house.

Despite having five years left on its current lease, Universal Music Group has signed 10-year renewal for its 242,505-square-foot space on floors two through eight at Jack Resnick & Sons’ 1755 Broadway, The Commercial Observer has learned. The music publishing company’s lease agreement for the entire office portion of the mixed-use building now extends through 2028.

UMG, which represents hundreds of artists through its variety of subsidiary labels, operates offices in 60 countries and splits its corporate headquarters between 1755 Broadway and 2220 Colorado Avenue in Santa Monica, Calif. The legendary label has supported artists across the musical spectrum including U2, Van Morrison, The Beastie Boys, Bob Marley and Taylor Swift.

Located on the northwest corner of Broadway and 56^th Street, the 43-story mixed-use property at 1755 Broadway includes a commercial and retail base along with a 480-unit luxury residential tower. Built in 1987, the building’s retail tenants include Wells Fargo Bank, Staples, GNC and Chipotle.

The landlord was represented in-house by Dennis Brady, who did not return requests seeking comment. Scott Gottlieb of CBRE, who declined to comment, represented the tenant.

The Borough of Manhattan Community College has signed a 20-year, 167,027-square-foot renewal at Jack Resnick & Sons’ 255 Greenwich Street.

The school, part of the City University of New York system, has been a tenant in the building for a decade and will remain on the entire second and entire 10^th through 14^th floors.

255 Greenwich Street

“BMCC is an integral part of Downtown New York’s spirit and resiliency,” said Burt Resnick, chairman and chief executive of Jack Resnick & Sons, in a prepared statement. “We are delighted that the college has recommitted to 255 Greenwich Street for another two decades, continuing its culture of learning and academic enrichment for many years to come.”

The Resnick family built the 14-story, 600,000-square-foot office building in 1984. Formerly known as 75 Park Place, the name of the property was changed in 2012 to recognize the reopening of Greenwich Street through the World Trade Center site. Asking rent at the building is approximately $50 per square foot.

The building is 100 percent occupied and will welcome Fairway Market’s first Lower Manhattan location late next year. The 52,242-square-foot retail space at the property will house the popular supermarket chain’s sixth location.

Dennis Brady and Brett Greenberg represented the landlord in-house. Steven Siegel, David Hollander and Richard Levine represented CUNY.

Mr. Greenberg did not immediately return a call requesting comment.

Courtesy of structurae.de.

Allied World Insurance Company has renewed and expanded  its lease in lower Manhattan.

The subsidiary of the Swiss-based Allied World Assurance Company will continue to operate its New York office out of the Jack Resnick & Sons-owned 199 Water Street, otherwise known as One Seaport Plaza. The deal changes its its sub-lease on the 24th and 25th floors to a direct lease at the beginning of 2015 and adds the 23rd and 26th floor, totaling 143,297-square-foot in the building. 

The asking rent for the space was $48 per square foot.

"We are delighted that this highly respected global insurance giant, which has been a long-time occupant of 199 Water Street, has chosen to stay and continue to grow its business here," said Burton Resnick, chairman and chief executive officer of Jack Resnick & Sons, in a prepared statement.

In-house brokers Brett Greenberg and Dennis Brady worked alongside John Cefaly and Robert Constable of Cushman & Wakefield in representing the landlord. Allied World Insurance was represented by Paul Ippolito and Joseph Zona of Newmark Grubb Knight Frank. 

Leasing activity in 2013 boarded up the 1.1 million-square-foot building to full occupancy. Recent signings include Epsilon Data Management, which took 34,792-square-feet, and NYCHSRO/MedReview Inc., which took 36,985-square-feet on the 19th floor. 

Nearly 180,000-square-foot will hit the market in 2015 when Wells Fargo's lease ends. The bank initially took five floors in the building but has since subleased its space out to various tenants. 

Office space provider Bevmax Office Centers has signed a 10-year, 15,736-square-foot lease at Jack Resnick & Sons’ 485 Madison Avenue.

“The Resnick organization is one of the premier landlords and has a reputation for running extraordinarily well-managed and premier properties,” Rick Feld, the president of Bevmax, told Commercial Observer. “Not every landlord in New York meets that standard.”

The Midtown location will replace Bevmax’s current facility at 75 Rockefeller Plaza. Scott Rechler’s RXR Realty signed a 99-year triple-net lease at 75 Rockefeller last year and is planning a major repositioning of the property.

Bevmax operates office facilities throughout New York City, with locations at 880 Third Avenue, 40 Worth Street, 1 Liberty Plaza and 250 West 57^th Street. The company caters to a wide variety of clients, from Fortune 100 companies to startups. Aerospace and defense giant Lockheed Martin is one of the company’s largest clients.

The tenant viewed a number of potential alternative locations but settled on 485 Madison Avenue because of Jack Resnick & Sons’ reputation.

“When you enter into a 10-year lease, it’s a very long-term relationship and when you have someone on the other end that is honorable and honest, you’re in good shape,” Mr. Feld noted.

Mr. Feld expects the 485 Madison Avenue location to be operational by August 1 and Bevmax Office Centers is already in advanced negotiations to lease another floor in the building.

Jack Resnick & Sons is represented in-house at 485 Madison Avenue by Dennis Brady and Fran Delgorio. Michael Cohen and Phil Amarante of Colliers International represented the tenant. The brokers did not immediately return requests seeking comment. 

199 Water Street

Western Union, which currently leases a 29th floor space at 199 Water Street as a subtenant of Wells Fargo, will now lease it directly from landlord Jack Resnick & Sons, Commercial Observer has learned. 

The worldwide global payment services company's new 10-year direct lease of 20,689 square feet in the 1.1 million-square-foot lower Manhattan building will start on Jan. 1. Asking rents were in the high $40s per square foot.

“We are delighted that this legendary financial services company has chosen to remain and grow its business at 199 Water Street,” Burton Resnick, chairman and CEO of Jack Resnick & Sons, said in a prepared statement.

Michael Gottlieb of Avison Young represented Western Union in the transaction, and Cushman & Wakefield's John Cefaly and Robert Constable worked alongside Brett Greenberg and Dennis Brady of Jack Resnick & Sons to represent the building’s owner.

Other tenants in the building include AON Service Corp., Epsilon Data Management, W2O Group, BGC, SCOR Insurance and Tullet Prebon Americas. Another tenant is Allied World Insurance, which is doubling its presence to 144,000 square feet next year.

None of the brokers responded to requests for comment.

199 Water Street.

The nonprofit Center for Reproductive Rights and the Allied World Assurance Company signed new leases for more than 53,000 square feet at Jack Resnick & Sons’ 199 Water Street building, Commercial Observer has learned.

The separate deals will move the advocacy organization into a 36,985-square-foot space for 10 years on the 22nd floor of the 35-story tower by early 2015 and expand the insurance firm’s space by 16,296 feet on the 29th floor for 15 years to a collective 159,593 square feet in the structure that’s adjacent to South Street Seaport.

“The flurry of leasing activity at 199 Water Street can be attributed to the strength of Lower Manhattan’s economy, our desirable waterfront location and exquisite amenities,” said Resnick Chairman and CEO Burton Resnick in a prepared statement. “These new leases are indicative of our reputation as long-term owners who are committed to our tenants’ needs and our neighborhood.”

Leases have currently filled the entire One Seaport Plaza building where asking rents run for $48 per square foot, according to the landlord, but three floors totaling 100,000 square feet will hit the market when Wells Fargo moves out at the beginning of next year. WeissComm Group, Epsilon Data Management and Western Union signed for space in the last 12 months at the building with a newly-designed Swanke-Hayden Connell lobby and a new exercise and locker rooms planned for later this year.

Brett Greenberg and Dennis Brady represented the landlord in-house in the transaction, along with John Cefaly and Robert Constable of Cushman & Wakefield, while Joseph Zona and Paul Ippolito of Newmark Grubb Knight Frank negotiated on behalf of Allied World Assurance. Daniel Horowitz, Jeffrey Peck, Gary Kerper and Kurt Handschumacher of Savills Studley represented the nonprofit, who will move from its previous offices at 120 Wall Street.

“They wanted to be in a modern, efficient office building,” said Mr. Horowitz, who estimated the nonprofit saved between 5 and 10 percent on their rent over spaces on the western side of Lower Manhattan. “They essentially achieved a hybrid of a traditional office installation with some of the benefit of a collaborative and progressive work environment.”

Representatives for NGKF declined to comment.

315 Hudson Street.

Lower Manhattan Cultural Council’s Workspace Artist Residency Program will enjoy roughly 50,000 square feet of donated space at 315 Hudson Street, thanks to a partnership between the non-profit and real estate group Jack Resnick & Sons.

First reported by the New York Post, the 8th floor of the Hudson Square office building, which has been emptied of tenants, will be converted to meet artists’ needs. This includes constructing 32 studios, meeting rooms, common areas, and a dance floor and rehearsal space. Artists are expected to begin working at the site immediately.

“We are very grateful to Jack Resnick & Sons for donating this space,” Melissa Levin, LMCC’s director of cultural programs, said in a statement.

“The 8th floor at 315 Hudson, with its prime Hudson Square location and views of the city and Hudson River, provides an inspiring and flexible studio space for visual artists, performing artists, and writers,” Ms. Levin added.

LMCC’s Workspace program capitalizes on temporarily vacated office space in Lower Manhattan and works with the real estate community to provide space to 25 to 30 artists that would otherwise be unattainable.

“Bringing LMCC’s Workspace program to 315 Hudson Street is positive for our building, great for the Hudson Square community, and beneficial to the entire Downtown district at large,” Jonathan Resnick, the president of Jack Resnick & Sons, said in prepared remarks.

485 Madison Avenue.

Certified public accounting and advisory firm Janover LLC will relocate and expand its Manhattan footprint in January 2015 through a 10-year, 14,101-square-foot lease at Jack Resnick & Sons' 485 Madison Avenue, Commercial Observer has learned.

The company with over 100 employees and an additional office in Garden City, Long Island will move its Manhattan office three blocks west from 805 Third Avenue into a full-floor space on the ninth story of the building between East 51st and East 52nd Streets, said Cassidy Turley principal Harry Krausman.

“Cassidy Turley identified several properties that fit within Janover’s plans for a long-term growth strategy in Manhattan,” Mr. Krausman said in a prepared statement. “Janover ultimately chose 485 Madison Avenue as its New York City headquarters for myriad reasons. The full-floor space affords the company the opportunity to expand its presence in Manhattan, and the space will be able to accommodate the organization’s future growth. Additionally, the Plaza District location is in proximity to a number of similar organizations and has excellent access to mass transportation.”

Mr. Krausman, and his Cassidy Turley colleagues Steve Braun and Daniel Thompson negotiated on behalf of Janover, while Jack Resnick & Sons managing director Fran Delgorio represented the landlord in-house in negotiations for space at the building where asking rents run for $54 per square foot, Ms. Delgorio said.

“Location was key to the tenant," Ms. Delgorio said in a prepared statement. "A Madison Avenue address, competitive rental rate, generous improvement allowance and landlord build out made this the ideal location for the tenant.”

One additional 14,101-square-foot space remains available on the 12th floor of the building, along with three 15,736-square-foot spaces on floors four, five and eight, Ms. Delgorio added.