
Manhattan, NY Rudin has finalized lease agreements with New York City’s Independent Budget Office and global talent technology firm, Radancy, at One Battery Park Plaza, its 35-story, 800,000 s/f office tower.
The Independent Budget Office, a nonpartisan government agency that explains New York City’s fiscal framework, public policy choices and operational requirements to New Yorkers, has signed a 21-year lease for 18,765 s/f across a portion of the building’s fourth floor. The move to One Battery Park Plaza will be IBO’s first office relocation since its creation in 1989.
“Moving to One Battery Park Plaza is central to my commitment to enhance the Independent Budget Office’s impact, by providing an excellent working environment, along with flexible spaces to host events, as we fulfill our mission to share information on the City budget and policies with New Yorkers,” said IBO director Louisa Chafee.
In addition, leading cloud-based talent acquisition software provider Radancy, which has been headquartered at One Battery Park Plaza since 2021, will continue to occupy 15,622 s/f on a portion of the building’s 27th floor as part of a five-year renewal.
“We are thrilled to welcome the Independent Budget Office to One Battery Park Plaza and grateful that Radancy has chosen to extend their commitment to the building,” said Kevin Daly, vice president of office leasing at Rudin. “We are dedicated to creating exceptional workplaces where companies can thrive. Whether joining us for the first time or choosing to extend our partnership, there is no greater compliment than earning trust and continued confidence.”
Constructed by the Rudins in 1971 and featuring an Italian marble lobby that was renovated in 2015, One Battery Park Plaza features floor plates ranging from 27,000 to 29,000 s/f. The building offers sweeping views of the New York Harbor, the Statue of Liberty, Ellis Island, Governors Island, and The Battery.
Tenants of One Battery Park Plaza have access to the Rudin Experience app, an all-in-one digital platform for onsite tenant events, exclusive promotions, property information, and mobile badge access. The building has achieved the WELL Health-Safety Rating, is WiredScore Platinum certified and utilizes Nantum AI, the world’s most advanced building operating system. Nantum AI focuses on using artificial intelligence to improve efficiency, decrease carbon emissions and optimize tenant comfort.
Major tenants at the tower include Hughes Hubbard & Reed, Seward & Kissel, Cullen and Dykman, Skarzynski Marick & Black, Gordon Rees Scully Mansukhani, Nationwide Mutual Insurance, The Partnership for New York City, and CetraRuddy.
Daly represented ownership in-house. Sean Wilson and Jonathan Cope of CBRE represented the City of New York. Gerry Miovski and Masha Dudelzak, also of CBRE, represented Radancy.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,