Real Estate Weekly
Image default
Deals & Dealmakers

Translators take 123,000 s/f at Global Holdingsʼ 1250 Broadway

TransPerfect, the world’s largest translation services and technology company, will relocate from 3 Park Avenue to occupy 123,516 s/f at Global Holdings’ Nomad Tower at 1250 Broadway.

JLL brokered a 15-year lease for five full floors in the tower and a private ground-floor lobby and entrance.
NOMAD Tower was represented by Paul N. Glickman and Mitchell Konsker, vice chairmen, along with Benjamin Bass, Diana L. Biasotti and Harley Dalton.

Craig Panzirer, senior vice president and director of leasing, represented Global Holdings Management Group in-house.

TransPerfect was represented by John Isaacs and Christopher Mansfield, executive vice presidents, and Peter Gamber, financial analyst, with CBRE Group Inc., along with Rob Kulik with Real Broker LLC.


“NOMAD TOWER is a market leading high-rise, glass and steel office tower located in one of New York’s most vibrant neighborhoods,” Glickman said. “NOMAD TOWER offers tenants unparalleled access to in-building amenities, including a two-story amphitheater with seating for almost 100 people, and a multi-faceted, tenant-only amenity lounge.”

TransPerfect is the second tenant to sign a major lease at the building — following Zillow Group’s lease of 130,000 s/f in late 2018 — under the ownership of Global Holdings, which purchased the property in 2016.

Global Holdings is now completing a $50-plus million capital improvement campaign and repositioning effort for NOMAD TOWER, including a new lobby that opens in the first quarter of 2019.

TransPerfect President and CEO, Phil Shawe, stated, “Of our 5,000 employees worldwide, over 800 are located in New York City alone. TransPerfect’s commitment to growing our business in New York City is steadfast and resolute. To support that growth, we needed to choose a new location for our headquarters that would provide us the space we need now and also the opportunity for future growth. ”

Built in 1968 and designed by architects Shreve Lamb & Harmon, the 39-story NOMAD TOWER is LEED Certified Gold and Energy Star certified, as well as Wired Certified Gold.

Related posts

Avison Young arranges 99-year ground lease for an estimated $21.5 million


Rosewood Realty Group Brokers $36.5 Million Sale of 15-Story Hells Kitchen Mixed-Use Building


Miller Construction Begins Work on an 80,000-Square-Foot Build-to-Suit Industrial Warehouse in Orlando