Columbia Property Trust secures 25,000 s/f lease with Newrez

Manhattan, NY Columbia Property Trust, Inc. has secured a lease for two full floors at 799 Broadway, its new ground-up office development at the convergence of the Greenwich Village and Union Sq. neighborhoods. The 25,000 s/f lease, the first to be secured at the 12-story building, was signed with Newrez LLC, a technology-centric national mortgage lending and servicing organization owned by investment manager New Residential Investment Corp.

In addition to Newrez, Columbia has been fielding strong interest in 799 Broadway as the building nears completion, with multiple proposals in process with several other prospective tenants and a continued healthy pace of tour activity. To lead leasing efforts, Columbia has partnered with Mitchell Konsker, Benjamin Bass, Sam Seiler, and Steven Rotter of JLL. Newrez was represented by Josh Kuriloff and Drew Braver from Cushman & Wakefield (C&W).

799 Broadway exceeds the highest standards of indoor air quality and air purification with UV light sanitation and bipolar ionization systems installed throughout the building and in elevator cabs. The building has been designed to meet the rigorous health and wellness criteria of the WELL Building certification program, which verifies that the building has followed best practices for facility operations and management to reduce the risk of contracting COVID-19 and other viruses. Also, earlier this month, 799 Broadway was awarded a Fitwel 2-Star Rating for its incorporation of evidence-based design and operations strategies to support the physical, mental, and social health of occupants.

Columbia has designed 799 Broadway to be the premier modern Midtown South office building. The 182,000 s/f building prioritizes and emphasizes employee health and wellness and talent retention, featuring a street-to-desk touchless experience, luxury fitness center, outdoor space for fresh air, spa-inspired locker rooms, and a well-appointed bike room. The building’s unique design allows for more than 17,000 s/f of outdoor space, including access to private outdoor terraces on almost every floor and a courtyard garden off the main lobby.

Adding to the attractive wellness benefits, the building provides abundant light with 15’ ceiling heights and floor-to-ceiling glass windows, which offer striking views of Greenwich Village and across Broadway to the Gothic beauty of New York’s historic Grace Church.

“We are very pleased to commence leasing at this exceptional building and begin our relationship with Newrez,” said Paul Teti, executive vice president of national real estate operations for Columbia. “In every respect, this lease affirms our expectations for 799 Broadway. The building is ideally positioned and designed to attract high-growth, forward-looking and industry-leading companies that are seeking out modern, efficiently designed space with  convenient transit access, high-end amenities, and a multitude of health and wellness benefits needed to recruit and retain top talent in today’s environment.”