News: Brokerage

Fanuzzi and DiSario of NKF broker three leases at W&H's 1350 Broadway

Three new office tenants have signed leases at The Herald Sq. Building, a W&H property at 1350 Broadway, including a law firm, a marketing firm and a financial firm, according to Jonathan Fanuzzi, senior portfolio manager of Newmark Knight Frank (NKF), the building's managing and leasing agent. The new tenants are: * Miskin & Tsui-Yip LLP, a law firm that specializes in intellectual property. Represented by Tom Sullivan of Hunter Realty, the firm leased 3,580 s/f on the eighth floor. * UMarketingLLC, which offers a full range of information-based strategic and creative services on and off-line. The firm, represented by Richard Rosenthal of Grubb & Ellis, leased 3,684 s/f on the eighth floor. * Sequoia Financial Services, which provides professional collection services. Sequoia leased 2,160 s/f on the 24th floor. Ross Zimbalist of CB Richard Ellis represented Sequoia in the lease negotiations. Fanuzzi and Michael DiSario of NKF represented the landlord in the three transactions. "These leases reflect two important trends," said Fanuzzi. "One is the brokerage community's growing interest in The Herald Sq. Building, which stems from the recent addition of the property to the W&H portfolio and its $53 million renovations program, now in progress. The second is the continuing influx of non-fashion companies into the Herald Sq. District." As at other buildings in the W&H portfolio, The Herald Sq. Building's pre-built program has been especially successful. Two of the three new tenants-Miskin & Tsui-Yip and UMarketing-leased pre-built spaces prior to the completion of construction. Situated on the north side of Herald Sq., The Herald Sq. Building at 1350 Broadway contains 25 stories and more than 400,000 s/f. The property's program of capital improvements includes a new lobby, renovated elevators, upgraded building systems, renovated air-conditioned public corridors, and new bathrooms. The building is owned by 1350 Broadway Associates L.L.C, a partnership led by Peter Malkin.
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