News: Brokerage

L.H. Charney complete 12,800 s/f of leases at 1410 & 1441 Broadway

New York, NY L.H. Charney Associates has signed Northwell Health Inc., along with retailers Ten Thousand Specialty Coffee and Barney Brown, to leases at 1410 Broadway at the intersection of Times Square and the Garment District. Northwell Health will occupy 10,000 s/f of office space on the building's 7th floor, while Ten Thousand Coffee and Barney Brown will each occupy retail spaces of 1,400 s/f. Newmark's Caleb Petersen represented Ten Thousand Coffee, with Bob Gibson & Davie Berke of JLL representing ownership on both retail leases. Rick Doolittle and JP Howard of Colliers represented ownership in its lease with Northwell Health.

"Leasing activity at 1410 Broadway and 1441 Broadway has been phenomenal, and is a testament to the recent upgrades and continued investment in both assets by ownership. With the addition of these three new leases, we completed over 50,000 s/f of lease transactions in Q4 of 2021. The new tenants, along with Tortazo's new space at 1441 Broadway, show the unmatched resiliency and enduring appeal of our submarket transformation, and New York City overall," said Joseph Giannola, L.H. Charney's president and COO. "Our focus on procuring retail activation with distinctive brands like 10000 and Barney Brown has been a resounding success, and will continue to play an important role in attracting prospective office tenants. Our retail amenities and flexible spaces have been well-received by the market, and we are delighted to welcome Northwell Health to the new age of office space."

L.H. Charney and Colliers will now focus on leasing the remaining spaces at both 1410 and 1441 Broadway. Availabilities at 1410 and 1441 Broadway range from smaller suites of 4,300 s/f to full floors from 15,000 to 22,000 s/f, with the potential for up to 40,000 contiguous s/f. All vacancies will be white boxed, pre-built or built to suit to meet the evolving demands of the next generation of office users. 

"We are incredibly excited to be joining the agency team and representing L.H. Charney," said Mr. Joseph. "We are extremely confident that prospective tenants in today's market will be drawn to the one-of-a-kind opportunity available at 1410 and 1441 Broadway. These high-quality sister assets provide tenants with the flexibility and growth potential that smaller, entrepreneurial tenants require, while allowing them to stay within the L.H. Charney family. The personalized service of a family-owned landlord that embraces the incubation of innovative tenants and provide creative short-term solutions is highly attractive feature for this type of tenant."

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