News: Brokerage

Colliers secures 40,000 s/f lease for inclusive play center—CompletePlayground at 30 Broad St.

Manhattan, NY Colliers has arranged a 40,000 s/f lease for CompletePlayground, a nonprofit family activity center that offers programming for all children, including kids with special needs, at 30 Broad St. CompletePlayground will occupy the Financial District space on a 15-year lease. Executive director David Tricarico and director Jake Horowitz of Colliers represented building owners Tribeca Associates in the transaction.

CompletePlayground, founded by the CEO of CompleteBody health clubs and father of three, Alex Reznik, provides programming for all children through classes in gymnastics, martial arts, rock climbing, dance, and more. CompletePlayground is a Section 501(c)(3) non-profit organization, with specialized programming for children with sensory disorders, including a sensory room and therapies. Their 40,000 s/f facility also includes a custom-designed indoor playground and will offer birthday parties, camps, family-oriented seminars and a cafe with healthy choices. Reznik operates four commercial fitness centers and manages many residential/office fitness centers in Manhattan, including several locations in the Financial District.

“The 30 Broad St. team understands CompletePlayground had many options and given the market conditions, thrilled we could accommodate their needs. Getting a deal done of this size in the financial district at this time is a testament to everyone’s hard work and shared vision,” said Bill Brodsky, principal at Tribeca Associates who led the recent renovation of 476,000 s/f at 30 Broad

CompletePlayground will occupy parts of the space that was recently occupied by a New York Sports Club and before that an auxiliary trading floor for the New York Stock Exchange, which speaks to the ever-evolving space use in Fidi. CompletePlayground will have access from multiple access points on Broad Street, Exchange Place and New Street. The grand 2nd floor offers expansive 20-foot ceilings, making it ideal for Complete Playground’s indoor gymnasium and activity space. CompletePlayground will share 30 Broad Street with several other popular businesses including a Serafina Express, that signed in 2021. 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent