News: Brokerage

Cushman & Wakefield arranges 16,051 s/f lease at 125 Broad St. to Harris Trzaskoma, LLP

Manhattan, NY Cushman & Wakefield arranged a 16,051 s/f lease on behalf of owner and occupier Sullivan & Cromwell at 125 Broad St. Newly formed law firm Harris Trzaskoma, LLP will open its headquarters on a portion of the building’s 10th floor.

Cushman & Wakefield’s Frank Cento and Josh Kuriloff represented the landlord. In addition, Cushman & Wakefield’s strategic consulting team, including Director Richard Nocom, advised on the transaction, providing financial analysis for ownership. Dan Appel of Newmark represented the tenant.

“Harris Trzaskoma’s decision to launch their new firm at 125 Broad St. underscores the enduring appeal of well-operated, institutionally owned office assets in Lower Manhattan,” said Kuriloff, vice chairman at Cushman & Wakefield. “The building continues to attract top-tier professional services tenants who value stability, quality, and an environment that supports long-term growth.”

Cento, executive director at Cushman & Wakefield, said “Harris Trzaskoma had been actively evaluating options downtown and selected 125 Broad St. for its premier building infrastructure, superb location, and the opportunity to establish its new headquarters in a property owned and occupied by a legal powerhouse like Sullivan & Cromwell.”

Located in the Financial District, 125 Broad St. is a Class A office tower known for its infrastructure, flexible floorplates, and proximity to major transit hubs, restaurants, and amenities.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.