Seward & Kissel, a law firm specialising in financial services, has decided to retain its location in New York City's Financial District. The firm renewed its lease for 171,112 square feet of office space for an eleven-year term. This was done in cooperation with Rudin Management and Allianz Real Estate at One Battery Park Plaza. This information was taken from CBRE's office report for the third quarter of 2026.
The exact rent amount was not disclosed. However, the average asking rent for office space in Lower Manhattan in the third quarter was reported to be $62.40 per square foot. Negotiations were led by an experienced team: Kevin Daly and Craig Panzirer represented Rudin internally, while Lewis Miller, Andrew Sussman, Cara Chayet and Scott Sloves from CBRE negotiated on behalf of Seward & Kissel.
About One Battery Park Plaza
One Battery Park Plaza, also known as 24 State Street, is a 35-storey skyscraper located between Bridge Street and Pearl Street, offering views of Battery Park. The building was constructed by Rudin in 1971 and encompasses a total area of 870,000 square feet. In 2016, Allianz became a co-owner of this prominent property.
In addition to Seward & Kissel, the building houses other notable tenants. These include the financial advisory firm SFA Agency, a subsidiary of Northwestern Mutual, which expanded its space to 14,071 square feet in June. The New York City Independent Budget Office, a government oversight agency, moved into 18,765 square feet in February. Nationwide Mutual Insurance also secured 38,107 square feet, and the International Refugee Assistance Project signed a contract for 19,407 square feet in 2022.
