Newmark represents 25madison in office lease at 817 Broadway

New York, NY 25madison has signed a 9,943-square-foot lease with Newmark at 817 Broadway, a 15-story Class A office building located near Union Square. The firm will relocate from its previous location at 853 Broadway to accommodate its expanded venture platform, which includes an early stage venture studio and VC fund.

Newmark vice chairman Ben Shapiro and associate director John Cilmi represented 25madison in the transaction. The asset owner, a joint venture between Taconic Partners, Nuveen Real Estate and Squire Investments, was represented by Newmark president New York Tri-State region David Falk, executive managing directors Jason Greenstein and Daniel Levine and director Jordyn Comras. 

817 Broadway features communal outdoor space with views of the city, oversized windows, new elevators and a lobby designed by Studios. Four full-floor, highly stylized prebuilt suites remain available within the building. Major tenants in the building include Steadview Capital Management, Inspired Capital, Union Square Ventures and Avenir. 

"Union Square has become an extension of Silicon Alley, as evidenced by the top-tier venture capital and tech firms gravitating to the area," said Shapiro. "New York's startup ecosystem is thriving, and we are confident 25madison will continue its success in their new state-of-the-art location."