Cushman & Wakefield announced today that it has been tapped by St. John’s University to market the development site at 101 Murray Street, located in the heart of Tribeca between Greenwich and West Streets and steps from the World Trade Center.
The 10-story property currently serves as a “vertical campus” for the University’s respected School of Risk Management, a division of The Peter J. Tobin College of Business.
“The current real estate conditions make this an opportune time to market the Tribeca location, with an expected maximum return for reinvestment in academic programs and student life,” said Martha Hirst, Executive Vice President, Chief Operating Officer, and Treasurer of St. John’s University.
St. John’s plans to maintain a Manhattan campus by leasing a similar facility accessible to New York’s leading cultural sites and public transportation.
A Cushman & Wakefield New York Capital Markets team of Helen Hwang, Nat Rockett, Michael Rotchford and Steve Kohn, are marketing the site on behalf of St. John’s University.
“101 Murray offers an extremely rare large-scale development opportunity located in an ultra-luxury Tribeca location, steps from the headquarters of Goldman Sachs and Condé Nast,” said Helen Hwang, executive vice president, New York Capital Markets Group. “The opportunity to deliver a world-class property in this location is a developer’s dream.”