JLL has completed a new, direct transaction for Demos.org at 80 Broad Street with building owner Broad Street Development LLC.
The public policy organization signed a lease for 16,500 s/f at the 423,403 s/f Class A office building in Downtown Manhattan.
The tenant was represented by Ellen Herman and Jason Schwartzenberg, executive vice presidents, both with JLL. Building owner Broad Street Development was represented in-house by Ramona Huegel, director.
“Demos is a public policy organization working for an America where we all have an equal say in our democracy and an equal chance in our economy,” said Herman.
“The thriving organization sought a new location that could accommodate its entire staff on a single floor. Following a thorough evaluation of the market, JLL found the ideal space for Demos at 80 Broad Street, securing a cost effective solution for the relocation of its New York headquarters.”
Demos will occupy the entire fourth floor at 80 Broad Street, relocating to the building from its previous offices at 220 Fifth Avenue.
The 36-story 80 Broad Street, also known as the Maritime Exchange Building, was designed by Sloan & Robertson and constructed in 1931. Broad Street Development acquired the office building from Savanna Investment Fund in mid-2014.