New York, July 9, 2018 – Seattle-based Sabey Data Center Properties announced today that it has signed a 36,550-square-foot, 20-year office lease with world-renowned Rafael Viñoly Architects at 375 Pearl Street in Lower Manhattan.
The architecture firm, best known in New York City for designing the 1,396-foot-tall 432 Park Avenue residential tower, will move its headquarters to the entire top floor of the property in mid-2019.
Rob Stillman and Gerry Friedman of CBRE represented the tenant in lease negotiations, while their CBRE colleagues Gregg Rothkin and Gerry Miovski represented Sabey Data Centers, the landlord.
Michael Kupin of the law firm Duval & Stachenfeld represented Sabey Data Centers in the lease negotiations. Harry Makris of Milber Makris Plousadis & Seiden represented Rafael Viñoly Architects.
The top 15 stories of 375 Pearl Street were renovated by Sabey to replace the original stone façade with a stunning, panoramic glass curtain wall.
Rafael Viñoly Architects will occupy and build out the entire 31st floor of the building. The firm will create a mezzanine within the 23-foot-tall space, and will build a 500-square-foot outdoor terrace on the southeast corner of the 31st floor.
Viñoly will relocate its practice from 50 Vandam Street in Hudson Square, where it has been headquartered for 28 years.
Today’s lease brings the 900,000-square-foot, 375 Pearl Street to 80% occupancy by office tenants. Data center users occupy a major portion of the remaining space.
“375 Pearl Street’s large floor plate, exceptional 23-foot ceiling heights and 521’ foot elevation with spectacular panoramic views towards Uptown, Downtown and the Brooklyn and Manhattan Bridges over the East River were the main attractions for Rafael Viñoly Architects,” said Clete Casper, Director of Real Estate for Sabey. “The top floor is essentially a blank canvas for the architect to design a great new headquarters that matches the distinctive quality of their well-known works in New York City as all over the world.”
“In a true testament to the vision of Sabey Data Centers and the recent transformation that 375 Pearl Street has undergone, the building’s elegant redesign has drawn the attention of many firms, including one of the world’s best-known architects, who is now moving its New York operations there,” said Mr. Rothkin of CBRE.
About Sabey Data Centers
With a portfolio of more than three million square feet of mission critical space, Sabey Data Center Properties is one of the largest privately owned multi-tenant data center owner/developer/operators in the United States. Sabey specializes in scalable, custom-built solutions including data center ready shell space and fully turnkey data centers managed by Sabey’s award-winning critical environment staff. Consistently recognized for low cost hydroelectric power, operational excellence through its world-class data centers and sustained uptime, Sabey is proud to provide data center services to many of the world’s top financial, technology and healthcare companies. http://sabeydatacenters.com
About 375 Pearl Street
375 Pearl Street is a reimagined office building in Lower Manhattan. Comprising more than 900,000 square feet, 375 Pearl Street was once used as a telephone switch center. The property is now home to numerous city agencies, including the New York City Police Department, the New York City Department of Sanitation, the New York City Human Resources Administration and the New York City Department of Finance.