McLaughlin of NAI Platform reps landlord in 1,100 s/f lease; Pioneer Bank relocating from Arcade Building

NAI Platform announces recent success in negotiating a lease for a new retail bank branch in the Downtown. The tenant is Pioneer Bank, who will be moving from its current downtown location at the Arcade Building at 488 Broadway. The new location is one of downtown's most visible corners on State and Pearl - 90 State Street. 90 State St., also known as the former National Savings Bank building, was built in 1929 and designed by the prestigious New York architects Halsey McCormick & Helmer. Their specialty was "financial cathedrals" and their landmarks include the classic Williamsburgh Savings Bank Tower and Dime Savings Bank headquarters, both in Brooklyn. The building is owned by Harmony Group of Long Island who has made numerous upgrades to this classic office tower, including a new roof, new HVAC systems, and upgraded electric and telecom infrastructure. Current tenants include various New York State agencies, law firms, and lobbyists, in addition to the newly added Harmony Kids Daycare Center. The building also offers full-service executive suites which include an array of services such as a full-time receptionist, conference rooms, break rooms, fully furnished offices, and office equipment support. The space Pioneer will take was originally part of Savannah's restaurant and nightclub. When the restaurant closed, the landlord decided to build out the Harmony Kids Daycare Center in the 5,000 s/f former restaurant space, which left 1,100 s/f on the corner available. The space consists of 800 s/f on the street retail level and includes an 300 s/f mezzanine. Construction on the space has begun and Pioneer anticipates opening its branch in November of this year. Felton McLaughlin of NAI Platform represented the landlord and Jared George of Tri-Cap Realty represented the tenant.