NEW YORK CITY—Four new lease transactions have been completed at 75 Broad Street, a downtown office building located between Beaver and South William Streets that recently completed a major capital improvement and renovation program.
Cushman & Wakefield, led by Frank Cento, represented JEMB Realty in the four transactions totaling approximately 60,000 sq. ft. The commercial real estate services firm was appointed exclusive leasing agent on the building in 2005.
In the most recent transaction, The New York City Opera, represented by Stephen Powers and Paul Wolf of Denham Wolf, signed a long-term lease to occupy 16,936 sq. ft. on the 10th floor. Other transactions include Craig Michaels Inc., represented by Mitch Waldman of Cogent Realty, will occupy 10,200 sq. ft.; On-Line Residential, represented by Ken Beilin of Kenneth Beilin Realty, will occupy 7,124 sq. ft. and CTC Americas Inc., represented by Jonathan Fein of Cushman & Wakefield will occupy 3,800 sq. ft.
Current availabilities in the building range from new prebuilt units of 5,500 and 8,400 sq. ft., to a full floor of 30,000 sq. ft.
75 Broad St., a 32-story office building located next to the New York Stock Exchange, recently completed a $35 million capital improvement program, which included a lobby restoration featuring ceiling murals as well as a holographic building directory, high speed connectivity to any carrier as well as a state-of-the-art security system. The office building also features a state-of-the-art building emergency generator farm.
