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 Rémy Cointreau has signed a 10-year, 29,852-square-foot lease at 3 Times Square, a premier 30-story Midtown skyscraper currently undergoing a multi-million dollar renovation and repositioning.
The Paris-based liquor group, whose origins date back 300 years, will relocate its New York City headquarters to the entire 20th floor of 3 Times Square, which boasts panoramic views of the city and an expansive private outdoor terrace. The company is expected to move from its current offices at 1290 Avenue of the Americas in summer 2023.
“3 Times Square has an innovative human-centric design that aligns with our values at Rémy Cointreau USA, and delivers a workplace suited for our continued growth, we appreciate the support of Rudin Management and the expert team of advisors at CRESA,” said Nicolas Beckers, Chief Executive Officer, Rémy Cointreau.
“We’re thrilled that Rémy Cointreau has selected 3 Times Square to house the core of its US operations,” said Michael Rudin, Executive Vice President of Rudin. “With its combination of modern infrastructure, programmable outdoor space, world-class amenities and vibrant location, 3 Times Square is the perfect spot for one of the world’s most celebrated brands.”
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.
Tom Keating of Rudin Management Company, along with Ron Lo Russo of Cushman & Wakefield represented building ownership in the transaction. Remy Cointreau was represented by a Cresa Global, Inc. (Cresa) team of Peter Sabesan, Richard Selig, Nicholas Markel and Benjamin Grajzgrund. In addition, Cresa’s Managing Principal/Project Management James A. Pirot and Senior Vice President/Project Management Ronald Zeccardi have been retained to oversee the build-out.
“This is an exceptionally-designed, sustainable building befitting an internationally renowned company,” points out Mr. Sabesan. “The owner and leasing team were flexible and great to work with.”
The building has achieved WiredScore Platinum certification in recognition of its best-in-class connectivity and was awarded SmartScore Gold certification for its exceptional user experience and high standards of sustainability. 3 Times Square 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.
Rudin is 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. Among its real estate holdings are 16 commercial office buildings containing approximately 10.5 million square feet of space and 17 apartment buildings comprising over four million square feet of residences. For more information about Rudin, please visit https://www.rudin.com/.
About Remy Cointreau
ALL around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavors. Their exacting standards are proportional to our expertise – the finely honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that Remy Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi centenary spirits and undertakes to preserve their eternal modernity. The Group’s portfolio includes 14 singular brands, such as the Remy Martin and Louis XIII cognacs, and Cointreau Liqueur. Remy Cointreau has a single ambition: becoming the world Leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,924 employees and on its distribution subsidiaries established in the Group’s strategic markets. Remy Cointreau is Listed on Euronext Paris.