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Deals & Dealmakers

Avison Young named exclusive leasing agent for Lower Manhattan’s 85 Broad Street

Avison Young has been named the exclusive leasing agent for 85 Broad Street, a 1.1 million-square-foot, 30-story, class-A office building in New York’s Lower Manhattan. The building is owned by Ivanhoe Cambridge and a vital part of the Stone Street Historic District with its restaurants, taverns, and retail offerings.

Representing Ivanhoé Cambridge was the New York-based Avison Young team led by Keith Caggiano, Principal, with Todd Korren, Principal, Patrick Steffens, Director, and Rachel Rosenfeld, Associate, as well as Harry Klaff, Principal & Global President of Clients. The team will work in concert with the building’s asset and property manager Hines, which will continue to handle day-to-day operations.

“We are exceptionally proud to partner with Ivanhoé Cambridge and Hines to represent this iconic asset. 85 Broad Street’s unique position in the center of Lower Manhattan’s thriving business and social life has always attracted top-tier companies from a broad section of industries,” said Caggiano. Klaff added, “Our vision for a re-imagined 85 Broad Street will create the premier combination of work/play/live in Manhattan.”

The building offers 40,000-square-foot (sf), column-free floorplates, making it ideal for a variety of space programs. There is approximately 200,000-sf available, including a four-floor penthouse block with the ability to create a private entrance and opportunity for dedicated signage. Avison Young will collaborate with the building owners and Hines to spearhead planned innovative upgrades and renovations and introduce a new, all inclusive amenities program that will reflect and incorporate the building’s long history as a business and social hub in Downtown Manhattan.  

“Located in the heart of Manhattan’s desirable Financial District, 85 Broad Street is a quality asset that blends innovation with historic, in an increasingly mixed-use neighborhood anchored by the very vibrant Stone Street,” said Jonathan Pearce, Executive Vice President Leasing and Development at Ivanhoé Cambridge. “We look forward to partnering with Avison Young to improve an already compelling amenity offer at 85 Broad Street, so it continues to appeal to our current and future tenant partners and their evolving needs for dynamic and flexible spaces.”

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