Savills Negotiates 34,000 SF Office Lease Renewal, Expansion in Lower Manhattan

by Taylor Williams

NEW YORK CITY — Savills has negotiated a 34,000-square-foot office lease renewal and expansion for The Innocence Project, a local nonprofit organization, at 40 Worth Street in lower Manhattan. The tenant, which advocates for criminal justice reform, originally leased 20,000 square feet at 40 Worth Street in 2010 and expanded by an additional 3,000 square feet in 2014 prior to this expansion. Roy Lapidus of Newmark Knight Frank represented the landlord, GFP Real Estate, in the lease negotiations. The building was originally constructed in 1929 and houses the East Coast headquarters for The Gap, among other tenants.

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