AmTrust RE, a national real estate owner-developer with 12 million square feet of commercial, mixed-use, and residential properties across the Northeast and Midwest, today announced the completion of a 16,375-square-foot lease transaction at 250 Broadway, a 648,000-square-foot office property in Lower Manhattan.
Located directly across the street from City Hall Park, 250 Broadway offers commercial tenants an ideal location and a wealth of transportation options. In a matter of weeks, AmTrust RE will be unveiling a remodeled lobby with significant improvements including modern finishes and an expanded floor area that will facilitate increased foot traffic. The lobby will also feature a brand-new reception desk, turnstiles, and recessed ceiling lighting. GKV Architects spearheaded the lobby’s refreshed upscale design, and Signature Construction served as the general contractor.
“Manhattan’s private business sector is experiencing a surge in employees returning to the office full-time, and this leasing activity at 250 Broadway is the latest indicator of this movement,” said Jonathan Bennett, President of AmTrust RE. “As employers look to increase office attendance from employees, we’re seeing a ‘flight to quality’ take place. Companies are setting their sights on high-quality, updated, and highly-amenitized properties, and the major upgrades we’re making to the lobby are a reflection of AmTrust’s efforts to meet the desires of our tenants. We’re appreciative of the work done by GKV Architects and Signature Construction, and we’re thrilled to welcome Pollack, Pollack, Isaac & DeCicco to the building.”
Pollack, Pollack, Isaac & DeCicco, LLP is an established, full-service law firm that represents clients on an international scale, in practice areas spanning personal injury, immigration, real estate, employment law, and more. The firm is recognized as one of the “Best Law Firms” in New York City by U.S. News and World Report – Best Lawyers®. AmTrust RE was represented by Anne Holker, Managing Director of Leasing and Acquisitions, and Charles Borrok, Jonathan Fales, Frank Cento, Jonathan Fein, and Michelle Mean of Cushman & Wakefield. The tenant was represented by Newmark’s Executive Managing Director, Eric Zemachson.
“Pollack & Pollack joins an exceptional tenant roster at 250 Broadway where they will benefit from the property’s strategic location near an array of transportation options, which has become increasingly important to tenants across the city in this post-pandemic environment,” said Borrok. “As the flight-to-quality trend persists, 250 Broadway continues to provide an innovative and productive work environment that tenants look for in office space. We are thrilled to be working with AmTrust and continue to bring top-tier tenants to the property.”
250 Broadway is home to an impressive suite of organizations in both the public and private sectors, including law firm Gannon, Rosenfarb & Drossman; New York City Council; New York City Housing Authority; New York State Assembly; and New York State Senate.
A leading commercial property owner, AmTrust RE’s portfolio of properties in New York City includes 59 Maiden Lane, a 43-unit office tower in Downtown Manhattan; 203 Jay Street, an 8-story commercial building at the nexus of DUMBO, Downtown Brooklyn, and Brooklyn Heights that offers a selection of new, furnished office suites and retail space; and The Amberly, an adjoining 33-story luxury residential tower.