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Columbia signs first tenant at 799 Broadway

Columbia Property Trust has signed its first tenant at 799 Broadway, its new ground-up office development at the convergence of Greenwich Village and Union Square.

The approximately 25,000 s/f lease was signed with Newrez LLC , a technology-centric national mortgage lending and servicing organization owned by investment manager New Residential Investment Corp.

799 Broadway is a 182,000 s/f building that prioritizes employee health and wellness and talent retention. It features a street-to-desk touchless experience, luxury fitness center, outdoor space for fresh air, spa-inspired locker rooms, and a bike room. The building’s unique design allows for more than 17,000 s/f of outdoor space, including access to private outdoor terraces on almost every floor and a courtyard garden off the main lobby.

UV light sanitation and bipolar ionization systems have been installed throughout the building and in elevator cabs. The building has been designed to meet thehealth and wellness criteria of the WELL Building certification program, which verifies that the building has followed best practices for facility operations and management to reduce the risk of contracting COVID-19 and other viruses. Also, earlier this month, 799 Broadway was awarded a coveted Fitwel 2-Star Rating for its incorporation of evidence-based design and operations strategies to support the physical, mental, and social health of occupants.

The building has 15 ft. ceiling heights and floor-to-ceiling glass windows, which offer views of Greenwich Village and across Broadway to New York’s historic Grace Church.

“We are very pleased to commence leasing at this exceptional building and begin our relationship with Newrez,” said Paul Teti, Executive Vice President of National Real Estate Operations for Columbia. “In every respect, this lease affirms our expectations for 799 Broadway. The building is ideally positioned and designed to attract high-growth, forward-looking and industry-leading companies that are seeking out modern, efficiently designed space with  convenient transit access, high-end amenities, and a multitude of health and wellness benefits needed to recruit and retain top talent in today’s environment.”

In addition to Newrez, Columbia has been fielding strong interest in 799 Broadway as the building nears completion, with multiple proposals in process with several other prospective tenants and a continued healthy pace of tour activity. To lead leasing efforts, Columbia has partnered with Mitchell Konsker, Benjamin Bass, Sam Seiler, and Steven Rotter of JLL.

Newrez was represented by Josh Kuriloff and Drew Braver from Cushman and Wakefield.

Photos via Binyan Studios

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