Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-The Partnership for New York City, an influential non-profit membership organization whose longtime CEO was just named to the Federal Reserve Bank of New York’s board of directors, has opted to stay in its Downtown berth for another decade. The group signed a 10-year renewal of its existing 25,825-square-foot space at One Battery Park Plaza, a 35-story office tower owned by a joint venture of the Rudin and Rose families.

Kathryn Wylde, president and CEO of the PFNYC, says in a release that the “turnaround” in Lower Manhattan helped drive the decision to stay in the neighborhood. “Transportation and neighborhood amenities have never been better and there is a perfect mix of residential, cultural and business activities that our employees, visitors and members all appreciate,” Wylde says. The PFNYC has been located at One Battery Park Plaza since 1994.

Barry Gosin and Hal Stein of Newmark Knight Frank represented the tenant in the long-term leasing transaction while Gene Baumstein of Rudin Management Co. represented the property’s ownership. Asking rents at the 750,000-square-foot property, which is also known as 24 State St., are $39 per square foot.

David Rockefeller, who also founded the Downtown-Lower Manhattan Assoc., established the PNYC in 1979 as the New York City Partnership. Reconfigured as the Partnership for New York City in 2002, it consists of 200 CEOs, or “partners,” from New York City’s leading corporate, investment and entrepreneurial firms, including Rudin Management and several other major real estate companies. Its stated mission is “to enhance the economy of the five boroughs of New York City and maintain the city’s position as the center of world commerce, finance and innovation.” The group’s economic development arm is the New York City Investment Fund.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.