Leasing Assignments

Cushman & Wakefield to Lease 1250 B’way

Cushman & Wakefield has been tapped as the exclusive leasing agents for 1250 Broadway, a 773,887-square-foot, Class A office building that is jointly owned by Jamestown Properties and Murray Hill Properties, The Commercial Observer has learned.

A leasing team headed by Mitch Arkin, Peter Alden and Michael Blanchard will be joined by Courtney Adham and Lauren Hayes from Cushman & Wakefield’s Strategic Agency Services Group.

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Cushman & Wakefield’s Mitch Arkin (R), seen here with Jeff Roseman (L) (Photo courtesy of Patrick McMullan)

Cushman & Wakefield will be replacing Murray Hill Properties as the Midtown South building’s exclusive leasing agents in the move.

“Midtown South is quickly becoming one of the hottest office markets in the city,” said Michael Phillips, chief operating officer of Jamestown Properties, in a prepared statement. “Cushman & Wakefield understands this area’s dynamism and appeal, and the opportunity 1250 Broadway–with its views, ceiling heighs and distinctive architecture–presents to tenants,” Mr. Phillips added.

The 39-story building, situated at 32nd Street and Broadway, features street-level retail and a 150-space parking garage.
Among 1250 Broadway’s biggest tenants are the Visiting Nurse Service of New York, a nonprofit that is committed to 254,020 square feet, and law firm Newman Ferrara, LLP, which has 15,356 square feet of space on the 27th floor, according to CoStar data.

Jamestown Properties and Murray Hill Properties scooped up 1250 Broadway from SL Green Realty Corp. for $310 million in 2008. The building recently underwent a $5 million capital improvement program, which redesigned its lobby and plaza and improved its HVAC, security systems and elevators. The building will also feature Gaonuri, a rooftop restaurant and sky lounge on the 39th floor operated by Korean restauranteur Andy Sung.

“1250 Avenue of the Americas features large, efficient floorplates and boasts windows on all sides, offering panoramic cityscape and river views,” said Mr. Arkin in a statement.