A $19 million overhaul is paying off for Savanna at 80 Broad Street.
The company just announced two more leases at the downtown property it acquired in 2011 and then shut down for a major renovation.
Loyalkaspar, an entertainment branding agency with offices in New York and Los Angeles, signed a new lease for 15,170 s/f on the entire 8th Floor for a 10-year term.
And online marketing agency Labelium signed a lease for 4,365 s/f on a portion of the 13th Floor for a five-year term. Daniel L. Schwartz of Winslow & Company, LLC represented Labelium. Owen Hanes and Marc Nevins of Cushman & Wakefield represented Loyalkaspar. Hal Stein, Adam Leshowitz and Todd Stracci of Newmark Grubb Knight Frank represented Savanna in both leases.
“Between Savanna’s high end building standard, coupled with abundant natural light, water views and ceiling heights, Savanna has positioned the asset to cater to Midtown South tenants seeking economically compelling rents, while still maintaining the same creative aesthetic with polished concrete floors and exposed ceilings,” said Stracci.
Brian Reiver, director of leasing at Savanna, said, “Both Labelium and Loyal Kasper were attracted to 80 Broad Street because of the high quality spaces Savanna can deliver at economically compelling rents compared to Midtown South.
“We are building the Loyal Kasper space with the loft-like aesthetic many creative firms prefer, while Labelium will be able to immediately move-in to a recently completed pre-built unit.
“We have had great success across our portfolio taking this proactive approach of offering build-to-suit and pre-built spaces — we plan to continue this strategy to attract quality tenants to our buildings.”
80 Broad Street is a 36-story, 417,000 s/f multi-tenant office building located between Stone and Beaver Streets in the Financial District.