Lease Beat

Starbucks Renews And Expands For More Than 3,500 Square Feet At 55 Broad Street

Starbucks signed a 10 year lease renewal and expansion at 55 Broad Street in Lower Manhattan.

The coffee behemoth took an additional 1,000 square feet at the Rudin Family Holdings-owned office building, bringing its total footprint there to over 3,500 square feet, making it the largest Starbucks downtown and among the biggest in the city.

Michael Rudin, vice president of Rudin Management Company, represented the landlord.  David Firestein of The Shopping Center Group represented the tenant.

55 Broad Street

55 Broad Street

Starbucks has had a presence in the 3o-story, 400,000-square-foot tower since 1998. Other tenants include Amerinet and ConEdison Communications. The building, known as the New York Information Technology Center, underwent a complete modernization in 1995 that left it equipped with satellite accessibility, single and multi-mode fiber optics and high speed category five copper wire.

Mr. Firestein noted in a prepared statement that “this will become Starbucks’ largest downtown store and one of the largest in the city.”

Messrs. Rudin and Firestein could not be reached for additional comment.

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