Arup Moves to New Financial District Office in 100,000-Square-Foot Deal

[ad_1] Arup, a worldwide consultancy centered on sustainable improvement, is relocating its New York Metropolis operations. The corporate signed a lease for roughly 100,000 sq. ft at 140 Broadway, a 51-story workplace constructing in Manhattan’s Monetary District owned by Union Funding.

Whereas the particular phrases of the settlement stay undisclosed, sources point out that Colliers’ Robert Tunis and Eric Ferriello collaborated with LegacyNY to dealer the 16-year and six-month lease, which can present Arup with 99,400 sq. ft throughout the seventeenth by means of twentieth flooring of the constructing.

“We’ve determined to relocate our New York workplace with the objective of inhabiting a brand new area that units us up for improved collaboration; higher flexibility; and an enhanced capability to accomplice with and help our native, regional and world purchasers,” mentioned Kyle Fisher, who co-leads Arup’s New York workplace.

The workplace tower at 140 Broadway additionally homes a number of different outstanding tenants, together with regulation companies Hawkins Delafield & Wooden and Labaton Keller Sucharow, in addition to the buying and selling agency Susquehanna Worldwide Group.

The consultancy agency will transfer out of its present location at 77 Water St., an area that Arup has occupied for greater than a decade. The proprietor of that property, Vanbarton Group, not too long ago secured a $280 million mortgage for an office-to-residential conversion venture. Whereas the precise measurement of Arup’s earlier footprint at 77 Water St. is unknown, the brand new lease at 140 Broadway is predicted to supply the agency with enhanced flexibility.

Identified for its design contributions to globally acknowledged landmarks just like the Sydney Opera Home, the Water Dice in Beijing and the London Aquatics Centre, Arup operates by means of a community of 96 places of work worldwide, in line with its web site. The agency’s current lease at 140 Broadway fills a good portion of the out there workplace area within the 1.25-million-square-foot tower. But, even after Arup’s dedication, it nonetheless has roughly 300,000 sq. ft of workplace area being actively marketed.

See native listings of workplace area for lease in Manhattan or go to the CommercialCafe.com homepage to begin your seek for actual property funding alternatives in different areas.

Final modified: April 16, 2025

Earlier Story:FNRP Reaches 99% Occupancy at Columbus, Ohio, Procuring Heart Concerning the Writer / Diana Sabau With years of intense analysis on the U.S. industrial actual property market at Yardi Matrix, Diana is at present placing her expertise to make use of by writing for a number of Yardi blogs. She covers CRE funding, job market traits and tech. Her work has been featured within the New York Instances, GlobeSt, The Actual Deal, NAIOP, MSN and Bisnow.