Lease Beat

The Pegasus Group to Move to 115 Broadway

115 Broadway.

The Pegasus Group, a company that owns and develops multi-tenant properties, primarily in neglected or underdeveloped urban areas, has finalized a 10-year lease for 2,767 square feet at 115 Broadway between Cedar and Thames Streets, according to The New York Times.

Pegasus will use the 17th floor space at 115 Broadway, previously occupied by W&W Steel Erectors, as executive offices. The firm plans to take occupancy in March. Read More

Lease Beat

Law Firm Signs Huge Renewal Downtown

One Battery Park Plaza

Hughes, Hubbard & Reed has signed a 226,416-square-foot lease at Rudin Management Company’s One Battery Park Plaza – one of the largest Lower Manhattan deals of the year, which follows a surge in demand for big blocks of space.

The international law firm’s 20-year lease spans nearly 11 floors, comprising floors 10 through 18, a Read More

Lease Beat

Insurance Agency Moves to 111 Broadway, Continuing Flurry of Activity


Demetriou General Agency has moved from Midtown to 111 Broadway, continuing a flurry of leasing activity for the property. The insurance agency has signed a seven-year lease for 4,978 square feet on the building’s 17th floor.

“[The tenant] liked the pre-build installation of this building,” Zac Price, associate at CBRE, who represented the tenant, told The Commercial Observer. “Sam Spillane of the agency team showed us the pre-builds and it was a great opportunity.” Read More

Lease Beat

Law Firm to Relocate to 111 Broadway


Law firm Perez & Cedeno has signed a 10-year lease for 3,052 square feet on the seventh floor at 111 Broadway, relocating from 350 Broadway, The Commercial Observer has learned. Asking rents were not disclosed.

“Staying in the area was important, as well as being in a nice building and being relatively close to the courts,” said Michael Rouzenrouch, president of Miyad Realty, who represented the tenant. Read More

Lease Beat

Rock Shrimp Productions Inks Deal At 115 Broadway In Latest Media Move Downtown

115 Broadway

Rock Shrimp Productions signed a lease for a 10,000-square-foot second floor space at 115 Broadway, between Thames and Cedar Streets, the latest evidence of media and tech migration to Lower Manhattan.

The company behind several series featuring chef Bobby Flay (Boy Meets Grill, Throwdown) is moving from Hudson Square, a neighborhood more often associated with production and technology firms.

Michael Okun and Peter Sabesan of Coldwell Banker Commercial Alliance represented the tenant. Brad Gerla and Adam Foster of CBRE represented the owner, Capital Properties. Read More

Lease Beat

Men’s Wearhouse Signs Upper East Side Lease


Men’s Wearhouse has signed a 10-year, roughly 8,800-square-foot lease at 1219 Third Avenue in the Upper East Side, The Commercial Observer has learned.

The menswear company is taking a 6,665-square-foot ground floor space and 2,100 square feet in the basement, said Gary Alterman of RKF, who represented both the tenant and owner, Fraydun Realty, in the transaction. Read More