News: Owners Developers & Managers

JLL facilitates two leases at 60 Broad St. - 14,470 s/f

Manhattan, NY JLL has arranged two new leases at 60 Broad St., the 39-story glass and steel Financial District skyscraper owned by Piedmont Realty Trust.

The Center for New York City Neighborhoods, a nonprofit organization that works to protect and promote affordable homeownership, signed a 10,979 s/f lease covering part of the 38th floor. Peter Hennessey and Allison Buck of Savills and Shawna Menifee from Integrative Partners, CRE, a Savills affiliate, represented the tenant.

Law firm Israel David, LLC, leased 3,491 s/f of office space on the property’s 29th floor. Gary Kamenetsky of CBRE represented the tenant.

The deals come on the heels of a multi-million-dollar capital improvement program at 60 Broad St. which includes a new main entry and lobby designed by New York architect MA | Morris Adjmi Architects. The new Broad St. entrance features an original mural while the lobby has been reimagined with a signature motif which employs innovative lighting, new artwork and a hospitality-inspired layout. The building’s elevator cabs were also upgraded with new interiors and a destination dispatch system.

A JLL agency team led by executive managing director John Wheeler, senior vice president Robin Olinyk, and vice president Thomas Swartz exclusively represented the landlord in both transactions. 

Piedmont has signed leases totalling over 114,500 s/f since the upgrades commenced, bringing occupancy at the one million s/f tower to over 93%.

“We’re thrilled to welcome our newest tenants to 60 Broad St.,” said Brad Pittman, vice president for Piedmont Realty Trust. “Our asset appeals to companies who prioritize their employees’ experience, and these new leases are a testament to Piedmont’s commitment to maintain 60 Broad St. as a premier office location.”

Said Wheeler said, “Ownership’s investment in newly designed tenant interiors, as well as enhanced common spaces and amenities that today’s tenants are actively seeking sets 60 Broad St. apart in a shifting market. It’s a standout option in a competitive market, attracting diverse, top-tier tenants who value quality and innovation.”

60 Broad St. is near two major transit hubs – the Fulton Transit Center and World Trade Center – offering tenants access to every New York City subway line, along with the PATH rail system for those commuting to and from New Jersey. The property also offers views of New York Harbor, dining options nearby, and proximity to desirable neighborhoods.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading