Lease Beat

Skygroup Realty Takes 2,340 Square Feet at The New York Stock Exchange Building

Residential brokerage Skygroup Realty has signed a seven-year lease for 2,340 square feet in the The New York Stock Exchange Building at 30 Broad Street, The Commercial Observer has learned.

The firm relocated to the 26th floor of the building from its previous location at 350 Broadway.

“The tenant runs a successful brokerage firm downtown and they needed to expand into a prebuilt space ASAP,” said Daniel Lolai of Murray Hill Properties, who represented SkyGroup Realty.  “It was very important for them to have minimal downtime when moving so 30 broad was the perfect match… Skygroup Realty deserves it.  It’s a great firm with honest people and they are growing quickly.”

30 Broad Street (Credit: Gotham Realty Holdings)

30 Broad Street (Credit: Gotham Realty Holdings)

The floor features double-glass entry doors, beautiful dark hardwood floors, a glass-enclosed conference room and offices with river views and a bullpen area, Mr. Lolai said.

“My company is expanding, with an aim of doubling my agent team by summer 2013, and I wanted an elegant, sleek office that epitomizes my company’s image and work ethic,” said Gabe Leibowitz, president at Skygroup.  “Thanks to Daniel Lolai of Murray Hill Properties I was able to find a beautifully-renovated office space.”

Asking rents were in the low 30’s per square foot.

JP Howard and Richard Doolittle with Murray Hill Properties represented the landlord, Gotham Realty Holdings, in the transaction.  They were unavailable for immediate comment.

The 431,502-square-foot, 46-story, classic Art Deco and Class A building lies in the heart of the Financial District, 200 feet from the New York Stock Exchange.

The transaction is Mr. Lolai’s second deal with a real estate firm in recent months, having brought DSA Realty to The Moinian Group’s 60 Madison in August, as previously reported by The Commercial Observer.

DSA Realty, which owns about 40 buildings in Manhattan, took 2,200 square feet of space in that deal, signing a seven-year lease.

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