Savills Studley has completed a new lease for Broadway Technology at 28 Liberty Street in Lower Manhattan.
Broadway Technology provides high-performance trading solutions and infrastructure to top financial firms around the world. Founded in 2003 by experts in enterprise software and quantitative trading, the company has employees worldwide with offices in New York, Austin, London and Waterloo.
Having recently closed a $42 million minority investment led by Long Ridge Equity Partners, Broadway Technology was seeking additional space to accommodate immediate and future growth.
The company will occupy 25,000 s/f on the 50th floor of 28 Liberty in the fall of 2017, relocating from 13,047 s/f at 140 Broadway.
28 Liberty is a 2.2-million-square-foot landmarked office building. Owner, Fosun, has launched a crepositioning of the property and its historic plaza that includes the creation of 200,000 s/f of retail space.
Broadway Technology will enjoy newly renovated amenities including a new Union Square Hospitality Group restaurant and event space on the 60th floor of the building, direct access to six subway lines from the lobby and a new high-end installation that will be built by the landlord.
Savills Studley senior managing director Zev Holzman, executive managing director Paul Revson and assistant director Brian Scharfman represented Broadway Technology in the long-term lease. Fosun was represented by Tom Costanzo in house, as well as John Wheeler and Michael Berman of JLL.
“After asearch throughout Lower Manhattan and Midtown South, relocating to 28 Liberty proved to be the ideal solution for Broadway Technology,” said Holzman.
“It gives the company the opportunity to grow in a top-tier asset while remaining in proximity to its client base in the Financial District. Designing its own space allows the company to create a unique brand and aesthetic that it can replicate at its offices around the globe.”