News:
Brokerage
Posted: October 28, 2025
L&L Holding secures full floor
lease with Nagarro at 195 Bdwy.
Manhattan, NY L&L Holding Company has secured a new lease with Nagarro at 195 Bdwy., the Class A office building.
Nagarro delivers data, AI and digital engineering services. The firm, which first moved to 195 Bdwy. in November 2024 as a subtenant, has now signed an eight-year direct lease with L&L. Nagarro’s New York office will continue to span the 41,854 s/f it occupies across the entire 25th floor.
“We are pleased that Nagarro has selected 195 Bdwy. as its permanent N.Y.C. home,” said L&L Holding vice president of leasing Tanya Grimaldo. “Their agreement with us is a testament to all 195 Bdwy. has to offer: historic architecture, collaborative workspace, hands-on management, and an unbeatable location within the transit-rich, bustling downtown community.”
Designed by William Welles Bosworth, 195 Bdwy. served as the global headquarters of the American Telephone and Telegraph Company from 1916 through 1983. The 1.1 million s/f tower, which spans the full blockfront from Fulton to Dey Sts., is located near the Fulton Transit Center and the World Trade Center Transportation Hub, as well as Lower Manhattan’s shopping, restaurants, open spaces and cultural venues, including the Perelman Performing Arts Center.
In 2017, L&L completed a massive redevelopment of the building’s historic Bdwy. lobby, made famous by its massive marble Doric columns, classic chandeliers and polished bronze. In addition to serving as an entrance for office tenants, L&L transformed a key portion of the lobby into a 50,000 s/f retail galleria, anchored by Nobu Downtown, Anthropologie, and Brooks Brothers, which opened a new global flagship store at the tower this year.
The roster of companies located at the 28-story tower includes financial technology firm Payoneer, global fashion house Gucci, and strategic marketing company Orchestra.
L&L was represented in-house by Jonathan Tootell, Grimaldo, and Giannina Brancato. Nagarro was represented by Sinclair Li, Peter Shikar, and Connor DeSimone of CBRE.
Tags:
Brokerage
New York City
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 260 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
Quick Hits
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi
Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
.gif)