Berkey of L&L leases 14,384 s/f to Nobu at 195 Broadway

Nobu, one of the city's legendary restaurants, will soon relocate from its original TriBeCa location to the downtown office tower, 195 Broadway, a.k.a, the former AT&T Building, owned by L&L Holding Co. and institutional investors advised by J.P. Morgan Asset Management. The restaurant - which is owned by Meir Teper, Robert De Niro, Nobu Matsuhisa and Drew Nieporent - has signed a 15-year, 14,384 s/f lease comprising a portion of the ground floor on the Fulton St. side of the building and a portion of the lower level. It expects to open in January 2017. Like the original restaurant, which opened at 105 Hudson St. in 1994 and has since spawned 30 more NoBu's around the world, the newest Nobu will be designed by renowned architect, David Rockwell. The leasing transaction brings one of the city's premier dining venues to the one million s/f building. As part of its retail master plan, L&L closely collaborated for the past six years with the New York City Landmarks Preservation Commission and Community Board 1 to bring a retail component to the property while preserving the integrity of the original William Welles Bosworth-designed lobby, which is a designated city landmark. Upon completion, the retail project will transform the blockfront on Broadway and include 44,600 rentable s/f with 40-ft. tall glass partitions and a galleria pass through connecting Fulton and Dey Sts. After closing the transaction, L&L president Robert Lapidus,said, "When Nobu opened their original location, it solidified TriBeCa as a destination among tastemakers and we are confident that the move to 195 Broadway will have the same effect on Downtown North." L&L executive vice president David Berkey represented the building's ownership in the long-term transaction. According to Berkey, the property presently has two remaining retail spaces available, including 9,871 s/f on the Fulton/Dey St. corner and 20,344 s/f on the Dey St./Broadway corner. Major office tenants at 195 Broadway include Omnicom, HarperCollins Publishers and XO Group. Manhattan-based L&L Holding Company, LLC is a privately-owned real estate investment company with a current portfolio exceeding 6 million square feet of office space primarily in Manhattan. For more information on L&L, visit their website www.ll-holding.com. J.P. Morgan Asset Management - Global Real Assets has more than $82 billion in assets under management and more than 400 professionals in the U.S., Europe and Asia Pacific, as of December 31, 2014. With a 45-year history of successful investing, J.P. Morgan Asset Management - Global Real Assets' broad capabilities provide many of the world's most sophisticated investors with a global platform of real estate, infrastructure, and transportation strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions. For more information: jpmorgan.com/institutional/global_real_assets. # # # 2/15