Double-Header Signings Bring Occupancy to 93% at 1 Battery Park Plaza
The completion of two recent deals is a home run for 1 Battery Park Plaza, the signings that total 57,514 square feet bring occupancy at the full block waterfront building to 93%. The largest of the signings was led by Nationwide Mutual Insurance with a 38,107-square-foot deal that was split between a 28,307-square-foot sublease with Liberty Mutual Insurance and a 9,800-square-foot direct deal that will be coterminous thanks to an agreement with the landlord to transition the sublease upon term expiration in November 2025 to a direct lease. The Columbus, OH-based insurance company will relocate from 7 World Trade Center before the end of the year to the entire 30th floor and a portion of the 29th floor under an approximately seven-and-a-half-year term. The second signing by International Refugee Assistance Project (IRAP) will see the nonprofit relocate and expand within the building to 19,407 square feet on the 29th floor under a 10-year lease sometime this year from its current office of 7,408 square feet on the fourth floor.