CBRE Group, Inc. selected as exclusive leasing agent for 920 Broadway

CBRE Group, Inc. has been appointed exclusive leasing agent for 920 Broadway in Manhattan by the property's owner, KLM Equities. KLM recently purchased the 100,000 s/f building from The Carlyle Group and ClearRock Properties. David Kleinhandler, Zachary Freeman, Michael Politi and Zak Snider of CBRE's Midtown Manhattan office will market the building's available floors for lease. KLM is investing more than $10 million in capital improvements, which include a renovated, modern lobby designed by Moed de Armas & Shannon, newly designed elevator cabs and controls and a deep cleaning of the building's façade. The renovations have commenced and are expected to be completed by the end of the third quarter 2014. "920 Broadway sits in the heart of the Flatiron District and is surrounded by upscale retail, first-class restaurants and a host of high-tech corporate neighbors," said KLM Equities' Zachary Kleinhandler. "This is a great opportunity for corporate tenants to work in a newly renovated building in Manhattan's most exciting neighborhood." "We are excited to re-introduce 920 Broadway to the brokerage community," David Kleinhandler, brother of Zachary Kleinhandler, added. "KLM's extensive expertise in the high-end residential sector will surely rub off on this Midtown South gem, which is in the process of being polished." The property is situated between 21st and 22nd streets. The entire 17th, 10th 7th, 6th and 5th floors—each 6,500 s/f—are available for lease.