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Deals & Dealmakers

Zillow subleases 27,000 s/f of its space at Nomad Tower to restaurant group

Zillow has subleased 27,040 s/f of its space at Nomad Tower restaurant group Butler Hospitality.

JLL brokered the deal at the tower, owned Global Holdings Management Group. Butler expanded from 6,000 s/f at 30 Broad Street to lease the entire 10th floor at the tower at 1250 Broadway from sublandlord Zillow.

Butler was represented by JLL’s Matthew Astrachan, Kristen Morgan and Lance Yasinsky. Zillow was represented by Ed Wartels and Justin Halpern with Cushman & Wakefield.

“NOMAD TOWER is the ideal property to accommodate Butler’s expansion,” Morgan said. “The building offers unparalleled amenities and a superior tenant experience steps from mass transit, restaurants and shops. It’s the exact type of building that will compel people to come back to the office.”

“We are thrilled to move into a dynamic space like NOMAD TOWER,” CEO of Butler Hospitality Corp. Tim Gjonbalic said. “This property offers us the superior amenities and ample space we need as we grow.”

Zillow leased 130,000 s/f at the 38-story property in 2018. It has a new lobby and amenities, including a two-story amphitheater with seating for nearly 100 people, vending machines, fitness center, bike ramp, messenger center, concierge services and a tenant-only amenity lounge with ping pong, pool and arcade games.

After tightening its belt at the start of the COVID pandemic, the Seattle-based real estate company reported record profits during the first quarter of 2021 as the low supply and rising demand helped bring the US housing market roaring back to life

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