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Deals & Dealmakers

JEMB Realty’s 150 Broadway now fully occupied after three new lease deals

JEMB Realty Corporation (JEMB) announced that its 23-story, 276,000 s/f high-rise, 150 Broadway in Manhattan’s Financial District, has reached 100 percent occupied after securing three new leases totaling 28,619 s/f.

Studio Libeskind, the architecture studio founded by Daniel Libeskind, signed a 10-year, full-floor lease on the 18th floor, totaling 12,500 s/f.

Asking rent for the space was in the high 50s psf. Steven Marvin of Olmstead Properties represented Studio Libeskind in the transaction.

Zola Inc, a wedding registry founded by former Gilt Groupe employees, signed a seven-year, full-floor lease on the 19th floor, totaling 12,500 s/f. Asking rent for the space was in the high-50s psf. Marcus Rayner of Colliers International/Olihen Realty LLC represented Zola in the transaction.

And Muse Management, an independent boutique modeling agency, signed a 10-year, 3,619 s/f at rents in the high 50s psf. Marcus Rayner of Colliers International/Olihen Realty LLC represented Muse.

Jones Lang LaSalle represented JEMB in each of the transactions.

“We are very happy to have reached full occupancy at 150 Broadway and pleased to welcome our three new diverse and top-quality tenants, who exemplify the revitalized energy of the Financial District,” said Jacob Jerome, principal of JEMB. “Through our repositioning and strategic long-term thinking, we have been able to turn 150 Broadway into a great success and return it to its roots.”

150 Broadway, also known as the Westinghouse Building and home to JEMB’s headquarters, overlooks FiDi’s Zuccotti Park and the 9/11 Memorial.

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