Studley arranges two leases at Silverstein Properties' 120 Broadway totaling 96,000 s/f
November 9, 2012 - Brokerage
Studley has arranged two leases totaling 96,000 s/f at The Equitable Building, 120 Broadway.
Metropolitan Council on Jewish Poverty (Met Council), one of New York's largest human services agencies, has taken 51,000 s/f - the entire seventh floor - at the building. The organization will move from 47,500 s/f at 80 Maiden Ln. when the lease commences. Met Council cites the benefits of the increased efficiencies of a full floor presence as the key driver in its decision to move.
Studley's Marc Shapses, Ira Schuman and Bruce Rothman represented Met Council. The landlord, Silverstein Properties, was represented in-house by Roger Silverstein and Joseph Artusa.
In addition, Strategies for Wealth, an investment advisory firm, has signed a lease for 45,000 s/f and will consolidate its 25,000 s/f office location at 140 Broadway, and its 7,500 s/f office location at 75 Broad, at the new location. 120 Broadway's access to transportation was a key consideration in the move.
Studley's Shapses and Joe Messina represented the client. Silverstein was represented in-house by Silverstein and Artusa.
About Studley
Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with 22 offices nationwide and an international presence through its London office and AOS Studley, a partnership with Paris-based AOS, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. Information about Studley is available at www.studley.com.
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