News: Brokerage

Broad St. Development welcomes seven new tenants to 370 Lexington Ave.

Manhattan, NY Broad St. Development has signed seven tenants to 370 Lexington:

  • 3,300 s/f to Basis Research, a global consulting firm;
  • 2,410 s/f to Slip, boutique fashion company;
  • 2,223 s/f to One Search Inc., a financial recruitment firm; 
  • 1,100 s/f to Clear Haven Capital Management, an investment advisory firm
  • 4,202 s/f to Sircle Media, a social strategy firm; 
  • 4,470 s/f to The United Nations Mission of Saint Kitts and Nevis; and
  • 2,720 s/f to Madison Avenue Eye Care.

Broad Street has been targeting smaller-to-mid-size tenants who are coming from or were considering coworking spaces, offering flexible leases, pre-built spaces that combine commercial and boutique residential design, and other perks within a new $30 million renovated property. By updating the building, Broad Street has attracted companies that never seriously thought about moving to Midtown. The building’s Art Deco lobby and marble floors have been restored and a fourth floor amenities deck has been created that will open in the spring for use. Intimate “phone booth” spaces for small meetings and conference rooms are available to use, and pets are allowed as well. 

MORE FROM Brokerage

Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.