Chalk and Young of JLL represent JEMB Realty in 12,500 s/f lease to Studio Libeskind

New York, NY Studio Libeskind, the international architectural and design firm of renowned architect Daniel Libeskind, has completed a transaction to move its headquarters office to JEMB Realty’s 150 Broadway in Lower Manhattan. Studio Libeskind has signed a 10-year lease for a full floor of space. The architectural and design firm, which has offices in Milan and Zurich, will relocate from 2 Rector St. to occupy the entire 12,500 s/f 18^th floor at 150 Broadway, also known as the Westinghouse Building. The 23-story, 276,000 s/foffice tower is located at the corner of Liberty St. Studio Libeskind has designed a diverse array of urban, cultural and commercial projects around the world, including the Jewish Museum in Berlin; the Grand Canal Theater in Dublin; the Denver Art Museum and the Royal Ontario Museum in Toronto. In 2003, Studio Libeskind moved its headquarters from Berlin to New York after Daniel Libeskind was selected as master planner for the redevelopment of the World Trade Center. “The vitality and connectivity of downtown is ideal for our Studio’s international business—the new location is steps away from the World Trade Center site and next to the new Fulton Center metro station. We were drawn to 150 Broadway not only for the spectacular location and views, but because the building is family-owned and operated--a unique quality,” said Carla Swickerath, CEO and principal of Studio Libeskind. “We are pleased to welcome Studio Libeskind to the family of tenants at 150 Broadway as we continue to energize this property with top-quality, full-floor tenants,” said Morris Jerome, principal, JEMB Realty. “150 Broadway was built in 1924 as the headquarters for the Westinghouse Electric Corporation, one of the most advanced technology companies of its time. The building has been revitalized through extensive upgrades and repositioning, and has now returned to its roots as the home of the city’s leading-edge corporations.” JEMB Realty, which is known for superior on-site management, is now implementing a comprehensive capital improvement program at 150 Broadway that includes upgrades to hallways, security systems, bathrooms and elevator lobbies. Spector Group, a global leader in interior architecture, is the designer for the renovation, which is part of a repositioning effort that has highlighted the building’s column-free space and original architectural details to attract creative tenants. LMHQ, a full-floor collaboration space established by the Downtown Alliance for Lower Manhattan’s creatives and creators, also recently opened at 150 Broadway. Designed by Gensler, LMHQ offers a dynamic working environment that features event space with state-of-the-art audio/visual technology, meeting and brainstorming rooms, individual and team workspaces, coffee bar and on-site tech support. JEMB Realty was represented in the Studio Libeskind transaction by Scott Cahaly, senior vice president, and Kyle Young, associate, with JLL. Studio Libeskind was represented by Steven Marvin, executive managing director of Olmstead Properties.