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AmTrust Realty Commences Capital Improvement Program to "One Park Place,” Newly Rebranded 200,000-SF Office Asset in Tribeca

Jayden Lapin-Tatman • 3/10/2022

New York, NY – Cushman & Wakefield and AmTrust Realty, a privately held real estate company with over 12 million square feet of commercial property holdings, announced today the rebranding and repositioning of One Park Place, a 200,000-square-foot premier  office property in the Tribeca section of Manhattan. Physically located within the 250 Broadway office tower, One Park Place will provide commercial tenants with the unique opportunity to lease a premier, building-within-a-building office space, replete with a private entrance and market-leading amenities.

“The pandemic forced millions of office workers to engage with their coworkers and clients through boxes on a Zoom screen. With people finally coming back to the office, there is significant demand for dynamic workspaces that maximize the value of working in person by fostering collaboration and creativity,” said AmTrust Realty President Jonathan Bennett. “We’re excited to implement these improvements over the course of the coming months, creating One Park Place as one of the most inviting commercial properties in Downtown Manhattan.”

A Cushman & Wakefield brokerage and strategic consulting team of Charles Borrok, Jonathan Fales, Jonathan Fein, Jenna Catalon, Jason Kroeger, Jared Thal and Michelle Mean will be marketing leasing opportunities on behalf of the landlord, as well as providing advisory services for the building’s repositioning.

“AmTrust Realty will be investing a significant amount of capital into One Park Place to deliver a best-in-class tenant experience, including an amenity package that will provide a boutique office feel,” said Borrok. “This conveniently located, premier asset is available to lease for the first time in 40 years.”

“We are thrilled to be working with AmTrust Realty on this exciting assignment. AmTrust has a strong vision for the future of this property and we are looking forward to advising them on the repositioning,” added Fales.

The 31-story property offers availabilities ranging from 3,012 square feet to 29,182 square feet as well as the opportunity for one tenant to take the entire 200,000-square-foot facility. Capital improvements will include expanded and refreshed conferencing and collaborative areas; new food and beverage options; a thoughtfully designed new entrance and lobby; and updates to the elevator infrastructure.

Strategically located in the heart of Lower Manhattan, the property is directly across the street from City Hall Park and within walking distance of an array of restaurant, retail and entertainment options. It is also near the Fulton Street and the World Trade Center/Path transit hubs, allowing easy access to the surrounding New York and New Jersey neighborhoods.

A photo of the building can be downloaded here.

About AmTrust Realty Corp.

AmTrust Realty Corp, founded in 1993, is a privately held real estate company headquartered in New York City. AmTrust owns 12 million square feet of well positioned commercial properties across the U.S., including a portfolio of net lease properties, and is developer of The Amberly — a 33-story luxury residential and retail property in Brooklyn, New York. Known for its long-term ownership, successful development and repositioning of its assets, and commitment to tenants, AmTrust is the landlord to the City of New York, the New York City Housing Authority, and the State of New York, among other notable tenants. For more information, visit amtrustre.com.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Link on Twitter.

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