The Legal Aid Society has signed a 30-year lease for 198,900 square feet of commercial office condominium space at 40 Worth Street, announced GFP Real Estate LLC. The Legal Aid Society, which currently has offices at 40 Worth Street, 199 Water Street and 80 Pine Street, will consolidate its offices to the Tribeca office property.
“It is an honor to have The Legal Aid Society as a major tenant as we share their goal of insuring that everyone, rich or poor, is entitled to legal representation under the constitution,” said Jeffrey Gural, chairman of GFP Real Estate LLC.
The space will undergo a complete renovation and build-out in two phases — the expansion space will be built out first and is scheduled for completion in March 2022. Following the completion of construction, Legal Aid Society will renovate its existing offices, with work scheduled for completion in Q4 of 2022. When complete, Legal Aid Society will occupy a portion of the ground floor and mezzanine, the entire second, fifth and 12th floors and a portion of the third floor. Architecture, design and workplace strategy will be led by Gensler.
Craig Reicher, Christopher Mansfield, Greg Maurer-Hollaender and Peter Gamber of CBRE represented the tenant in the transaction; Brian Steinwurtzel and Roy Lapidus of GFP Real Estate represented the commercial condominium owner/landlord, 40 Worth Street Associates LLC. The space was previously occupied by Charity Water and Public Health Solutions, which were relocated within the property.