New at 51 Astor Place: A Hometown University

St. John’s University yesterday announced that it will move its Manhattan campus to 71,000 square feet of space at 51 Astor Place, from 101 Murray St. in Tribeca, which it sold last July for $223 million.

The school is the biggest tenant to sign on so far in the new building.

QuidnuncRE last looked at 51 Astor Place when it had its first lease deal, HERE.

The building, developed by New York's Edward J. Minskoff Equities Inc., is 12-stories, 400,000-square-feet. Jones Lang Lasalle is the office space leasing agent.

St. John's is moving in its School of Risk Management, part of the University’s Peter J. Tobin College of Business. It also will house a language institute, and continuing professional education programs.

Classes are scheduled to start with the Fall 2014 semester.

"I am very happy to have reached a lease agreement with St. John’s University,” said Edward J. Minskoff, "51 Astor Place’s forward-thinking infrastructure allows tenants to have a high-performance platform for employees and clients, and I am confident that St. John’s will flourish in the space."

In reporting the deal, the Commercial Observer noted that Minskoff last Friday pledged to have the building fully rented by the end of January, HERE, and that he expressed dissatisfaction with sniping at the building's vacancies.

St. John's statement and details on the lease can be found HERE.

comments powered by Disqus