JEMB Realty completes three leases totaling 28,619 s/f at 23-story 150 Broadway

Manhattan, NY According to JEMB Realty Corp., its 23-story, 276,000 s/f commercial high-rise, 150 Broadway, located in the Financial District, has reached 100% occupied after securing three new leases totaling 28,619 s/f.

Studio Libeskind signed a 10-year, full-floor lease on the 18^th floor, totaling 12,500 s/f. Asking rent for the space was in the high $50’s per s/f. Steven Marvin of Olmstead Properties represented Studio Libeskind.

Zola Inc. signed a seven-year, full-floor lease on the 19^th floor, totaling 12,500 s/f. Asking rent for the space was in the high $50’s per s/f and expected occupancy is March 2017. Marcus Rayner of Colliers International/Olihen Realty LLC represented Zola in the transaction.

Muse Management signed a 10-year, 3,619 s/f lease. Asking rent for the space was in the high $50’s per s/f and expected occupancy is March 2017. Rayner represented Muse in the transaction.

Jones Lang LaSalle represented JEMB.

“We are very happy to have reached full occupancy at 150 Broadway and pleased to welcome our three new diverse and top-quality tenants, who exemplify the revitalized energy of the Financial District,” said Jacob Jerome, principal of JEMB. “Through our repositioning and strategic long-term thinking, we have been able to turn 150 Broadway into a great success and return it to its roots.”

150 Broadway, also known as the Westinghouse Building and home to JEMB’s headquarters, overlooks FiDi’s  Zuccotti Park and is near the new World Trade Center and 9/11 Memorial. The building was erected in 1924, with renovations in recent years, notably a fully renovated and attended lobby, elevators, hallways, common areas, ADA access, and security system. 150 Broadway offers office and retail space for customized layouts with views of the city.