News: Brokerage

Rotante and Joseph of GVA Williams arrange 8,500 s/f lease

According to GVA Williams, Perkins Eastman has signed an 8,500 s/f, seven-year lease at 1140 Broadway. Perkins Eastman will use the Flatiron District space to house its affiliates, and will continue to lease its 80,000 s/f headquarters space at 115 Fifth Ave. Spanning the entire 14th floor, the space at 1140 Broadway features exposed ceilings, showroom windows, and an efficient layout of work spaces to allow for maximum occupancy. The property is owned by principals of GVA Williams, which brokered both sides of the deal. Ted Rotante of GVA represented the tenant, while Michael Joseph of GVA represented the building's ownership. "Perkins Eastman was in search of a high-quality, creative space for some of its affiliates in the vicinity of its existing headquarters at 19th St." said Rotante. "Because GVA Williams owns 1140 Broadway, we were able to complete a lease transaction quickly and seamlessly, allowing the tenant to move in immediately." Built in 1915, the 128,011 s/f, 16-story structure houses office tenants Amex Realty and Bluemoon Trading and retail tenants Ace Fashion and N.Y.I. Co. It features 8,500 s/f floor plates, high ceilings and oversized windows.
MORE FROM Brokerage

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their