News & Press
Rudin Secures Headquarters Relocation With Anchin Lease At 3 Times Square
Rudin, a full-service real estate organization, and one of New York City’s largest private owners, operators and developers of best-in-class real estate, announced today that Anchin, Block & Anchin (“Anchin”) has signed a 45,673-square-foot lease to relocate its headquarters to 3 Times Square, a premier 30-story Midtown skyscraper currently undergoing a multi-million dollar renovation and repositioning.
Founded nearly 100 years ago, Anchin provides a complete range of top-tier advisory, tax, assurance and financial reporting services to privately held companies, family offices, investment funds and high net worth individuals. Industries served include Private Client, Consumer Products, Professional Services and Technology, Real Estate, Financial Services and Architecture, Engineering and Construction. The firm will occupy the entire 25th floor, as well as a portion of the 24th floor of the tower. As part of the 10-year lease, the firm is expected to move from their current space at 1375 Broadway in fall 2023. The firm also has offices in Uniondale, NY and Boca Raton, FL.
“Our primary intent in our redevelopment of 3 Times Square was to create a modern and welcoming environment that will best serve the needs of forward-looking companies powered by talented and collaborative workforces. Anchin is exactly the sort of firm we had in mind,” said Michael Rudin, Executive Vice President of Rudin. “We are excited to welcome Anchin to 3 Times Square and are grateful for their longstanding commitment to New York City.”
“In addition to its iconic location in the city’s epicenter, we were attracted to the building’s transformation that includes the creation of a premier office environment with high-end amenities,” said Russell B. Shinsky, Managing Partner at Anchin, Block and Anchin. “It’s critical that we provide our teams with engaging, collaborative and productive workplaces. Our new offices at 3 Times Square will prove to be an ideal environment for our talented workforce to position the firm for continued growth and success.”
Originally constructed and opened in 2001 as the North American headquarters of Reuters Group PLC., Rudin engaged FXCollaborative in 2020 to help design and implement a sweeping capital improvement program at 3 Times Square. Highlights include the creation of a new, glass-walled triple-height lobby and a sculptural façade screen that will serve as a decorative architectural enhancement. The tower’s office tenants will also benefit from a streamlined, touchless entry system, fully renovated destination dispatch elevator system and a dedicated 16th floor amenity space featuring a dining area, coffee bar, and a conference and event center. Rudin is also creating a fitness center with locker rooms within the tower.
Anchin was represented by Michael Cohen, Andrew Roos, Jessica Verdi, and Mac Roos of Colliers. Tom Keating of Rudin Management Company, along with a Cushman & Wakefield team led by John Cefaly, Lou D’Avanzo, Ron Lo Russo, Heather Thomas and Paige Engeldrum represented building ownership in the transaction.
The building has achieved WiredScore Platinum certification in recognition of its best-in-class connectivity, and, when complete, will feature one of the largest state-of-the-art electronic billboards in Times Square. 3 Times Square was also recently awarded SmartScore Gold certification, identifying it as a leading smart building, defined by an exceptional user experience and high standards of sustainability. The building has also achieved the WELL Health-Safety Rating, among other initiatives in place to prioritize the health and wellness of building occupants.
3 Times Square also utilizes Nantum OS, the world’s most advanced building operating system. Nantum OS is the flagship product of Prescriptive Data, a privately held smart building automation company focused on using artificial intelligence to improve efficiency, decrease carbon emissions and optimize tenant comfort.