CBRE represents Shorenstein Properties in 9,592 s/f lease to Moritt Hock & Hamroff

NEW YORK, NY Though still midway through a major makeover directed by owner Shorenstein Properties, 1407 Broadway has attracted its first new tenant: the law firm Moritt Hock & Hamroff. The Garden City, NY-based firm has leased 9,592 s/f on the 39^th floor of the 1.1 million s/f building on a long-term basis.

CBRE’s Gregg Rothkin, Peter Turchin, Brett Shannon, Ross Zimbalist, Ben Fastenberg and Keith Caggiano represented the owner, Shorenstein Properties.

“We are thrilled for Moritt Hock & Hamroff to join the 1407 Broadway family,” said Rothkin, senior vice president, Agency Group. “Our goal is to continue to attract companies of Moritt Hock & Hamroff’s stature, as we expect the building renovations to enhance the lore of 1407 Broadway.”

Since acquiring the building in April 2015, Shorenstein has invested significantly to reposition 1407Broadway as a top destination for both office and retail tenants within the Times Square South submarket.  The makeover includes a new lobby and entrance, restoration of the façade and new street level retail storefronts and upgrades to the elevators. 

“We believe that the renovation program at 1407 Broadway, which will be completed later this year, fulfills the needs of today’s tenants well into the future and we’re delighted that firms like Moritt Hock & Hamroff see, understand and want to be part of our vision for the property,” said Ronnie Ragoff, senior vice president—asset management, Shorenstein Properties.

“1407 Broadway is positioned to continue drawing tenants seeking a dynamic location in the heart of Midtown,” said Peter Turchin, vice chairman, CBRE. “The building has an open, loft-like feel within the tenant spaces which appeals to a strong cross section of today’s users, very flexible floor plates and the sightlines are amazing, especially from the tower floors.”

Sitting between 38th and 39th streets, 1407 Broadway is steps from some of the city’s most important transportation hubs—Times Square, Penn Station, Herald Square and the Port Authority. Each of the building’s 43 floors has an open feel and terrific sightlines, and the tower floors boast outstanding light and 360-degree views of the Midtown skyline.