UN Renews, Expands Office Lease in Manhattan

[ad_1] The United Nations (UN) not too long ago renewed and expanded its long-term workplace lease in Manhattan, N.Y. Newmark Group, Inc. (Newmark) Government Managing Director, Jim Saunders, and Head of New York Consulting, Jason Perla, represented the UN within the negotiations.

The brand new lease encompasses 425,190 sq. ft of New York Metropolis workplace house, thereby consolidating and increasing the UN’s native footprint to occupy almost the entire workplace house at 2 UN Plaza on flooring 2 by way of 26.

Moreover, the deal features a two-story retail element at 1 United Nations Plaza to convey collectively operations that had been beforehand break up between 1 and a pair of UN Plaza. With that, it creates a unified headquarters above the ground-floor retail and beneath the Millennium Hilton One UN Plaza.

“This landmark transaction reaffirms the UN’s deep-rooted dedication to New York Metropolis as its world diplomatic hub,” Saunders stated. “We're proud to have suggested on this challenge, which is able to guarantee additional enhancements to operational effectivity and UN workers help.”

United Nations Improvement Company — a state-established public profit company created in 1968 to assist the United Nations with its actual property, workplace house, and improvement wants — has been working a $500 million capital enchancment program throughout each 1 and a pair of UN Plaza. The renovations embrace upgrades to infrastructure, foyer house, new constructing techniques, elevated safety, and sustainability options.

One United Nations Plaza was in-built 1977 and incorporates 358,000 sq. ft — together with greater than 5,300 sq. ft of retail — throughout 39 tales. The property beforehand underwent an intensive renovation in 2014.

One United Nations Plaza incorporates 358,000 sq. ft of workplace house in Midtown Manhattan.

Two United Nations Plaza was accomplished in 1984 and is barely bigger, encompassing 369,000 sq. ft, additionally throughout 39 tales. Along with beneficiant ground plates bigger than 14,600 sq. ft, the property options six passenger elevators and electrical fail-over safety (redundant energy). Each high-rise towers additionally characteristic above-standard ceiling heights and supply unobstructed views of the East River and the Manhattan skyline, in addition to extremely handy entry to Midtown Manhattan transit and all kinds of facilities within the rapid space.

The workplace tower at Two United Nations Plaza rises 39 tales into the Midtown Manhattan skyline.

Final modified: June 27, 2025

Earlier Story:The Greenest Places of work within the U.S.: D.C. & California Markets Proceed to Lead in Sustainability Concerning the Creator / Ioana Ginsac Ioana Gînsac is a artistic author protecting all-things-CRE for a number of Yardi community publications. Subjects embrace business information and market reviews, in addition to sustainable improvement, structure, urbanism, and extra. Her work has been referenced by publications together with AmericanInno, Bisnow, BusinessInsider, Business Property Government, Curbed, Quick Firm, Forbes, GlobeSt.