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Deals & Dealmakers

Empire State Realty Trust signs 12 lease deals in three Broadway buildings

Empire State Realty Trust has signed more than 55,000 s/f of leases for pre-built spaces in three Broadway buildings.

Most of the deals were at 1350 Broadway in Midtown South. ESRT signed ten deals in the 25-story building. The biggest transaction in the tower involved environmental firm Brown and Caldwell. The company currently has offices at 1359 Broadway, which is also owned by ESRT. The firm is taking 7,880 s/f of space in the building. Other lease transactions in the building include communications technology firm 8X8, Inc. (5,200 s/f), insurance broker Jencap Holdings (4,850 s/f), Brit Insurance Services (4,390 s/f), software company Condeco (4,360 s/f), tech firm Mobileye (4,060 s/f), advertising company Valassis Digital (3,610 s/f),consulting firm Palladium Group Holdings (3,590 s/f), fashion brand Calzedonia (2,760 s/f) and non-profit accounting firm You Part-Time Controller (2,660 s/f).

The biggest lease deal in the batch involves book distribution firm Ingram Book Group, which took 9,800 s/f at nearby 1400 Broadway. Nicola Heryet and Stephen Bellwood of Cushman & Wakefield represented Ingram in the transaction. ESRT also agreed to a deal with financial technology firm Itiviti at 1359 Broadway. The company is taking 2,840 s/f of space in the 22-story building.

“The steady leasing activity from a wide variety of tenants speaks to Time Square South’s emergence as the center of New York,” said Thomas P. Durels, the firm’s executive vice president and director of leasing and operations for.  “We continue to provide the area’s most desirable pre-builts for tenants, with over 27,000 sq. ft. of pre-builts newly available at 1350 Broadway.”

Keith Cody and Lindsay Godard represented ESRT for the deals at 1350 and 1359 Broadway transactions, Meanwhile, Scott Klau, Erik Harris and Neil Rubin of Newark Grubb Knight Frank represented ESRT at 1400 Broadway.

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