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Deals & Dealmakers

NGKF leases 126,000 s/f as creative firms migrate downtown

Creative firms and expanding Downtown office tenants are taking notice of the historic 26 Broadway and its panoramic views, resulting in seven new leases totaling 126,000 s/f, according to exclusive leasing agent Newmark Grubb Knight Frank (NGKF).

Howard Kesseler
HOWARD KESSELER

“26 Broadway’s grandeur, architectural detail and rich sense of history as John D. Rockefeller’s one-time headquarters along with its sweeping views and sunlight make the building an attractive option for all types of tenants,” said NGKF Executive Managing Director Howard Kesseler, who represented ownership, The Chetrit Organization, with Associate Director Jamie Jacobs.

“In addition, the Downtown rents offer a cost-efficient alternative to Midtown South but with the same great building amenities.”

The 32-story, approximately 900,000-square-foot property was built in 1885 as the Standard Oil Building.

The recent leases bring the occupancy rate to 90 percent and include the following:

26 Broadway
26 Broadway
Photo: William K Construction

The New York Film Academy signed a new, 45,000- s/f lease. Kesseler represented both landlord and tenant in the transaction.This marks an expansion from its location at 17 Battery Place.

Digital design studio ustwo studio, Inc. signed a new, 20,000-square-foot lease with outdoor space. The firm, which is relocating and expanding significantly from Chelsea, was represented by Janet Liff of Janet Liff & Co.

Law firm Schlam Stone & Dolan LLP signed a 20,000-square-foot renewal. Kesseler and Jacobs represented the tenant as well.

26 Broadway Executive Suites signed a new, 11,000-square-foot lease. It is a new/additional location for the company, also represented by Kesseler and Ms. Jacobs.

Law firm Gladstein Keane & Partners LLC signed a new, 11,000-square-foot lease. The new firm was represented by Travis Wilson and Adam Leshowitz of NGKF.

Cornell University’s College of Architecture, Art and Planning signed a new, 11,000-square-foot lease. The tenant was represented by Rob Eisenberg and Mark Weiss with NGKF.

Online restaurant ordering platform OLO.com, owned by Mobo Systems, Inc., signed a new, 8,000-square-foot lease. It is a new location for the company, which was represented by Brian Lee and Travis Wilson of NGKF.

JAMIE JACOBS
JAMIE JACOBS

According to Jacobs, “Two full-floors floors remain for a total of 80,000 square feet. We are currently under going a ‘creative’ pre-built program to cater to the changing needs of the downtown marketplace.”

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