By Billy Gray 4/11 4:54pm

Lease Beat

120 Broadway

YMCA Retirement Fund Leases 52,000 Square Feet at 120 Broadway

The YMCA Retirement Fund signed a 15-year, 52,000-square-foot lease at Silverstein Properties‘ 120 Broadway, The Commercial Observer has learned.

Roger A. Silverstein and Joseph Artusa of Silverstein Properties represented the landlord. Robert D. Goodman of Colliers International represented the tenant. Asking rent was $38 per square foot.

The non-profit tenant will relocate to the full 19th floor of 120 Broadway from 48,000 square feet at 140 Broadway, which it leased in 1999 when Silverstein owned that property. Silverstein sold 140 Broadway in 2004. Read More

By Carl Gaines 3/29 10:58am

Mortgage Beat

120 Broadway.

$310 M. 120 Broadway CMBS Loan Closes

Mortgage Observer Weekly  has learned that a $310 million CMBS loan on 120 Broadway closed last week, likely at a rate in the mid-2 percent range. Wells Fargo originated the loan.

A previous CMBS loan on the building had an outstanding balance of $215 million. Originated back in May of 2006, it was set to mature in June 2013, according to data from Trepp. Read More

By Michael Ewing 2/08 1:00pm

Lease Beat

74361dd2-fc94-4057-9ced-46944e5db7b8_acquisitions-sub-head

120 Broadway

American Arbitration Association has inked a deal to consolidate several office in New York at the Silverstein Properties-owned 120 Broadway, The Commercial Observer has learned.

“This complex deal was the result of an extensive search throughout Manhattan to consolidate American Arbitration Association into one location,” said Chris Kraus, a broker from Jones Lang LaSalle. “Downtown just Read More

By Al Barbarino 11/14/12 3:10pm

Post-Tropical Storm Sandy

120 Wall Street (Credit: Silverstein Properties)

Silverstein Properties Reopens 120 Wall

Silverstein Properties reopened 120 Wall Street Wednesday morning for the first time since Hurricane Sandy flooded the 600,000-square-foot building’s basement and damaged electrical distribution equipment.

The company pumped more than one million gallons of water out from the building’s basement and removed contaminants before methodically checking all base systems to get them back up and running, Jeremy Moss, the firm’s vice president of leasing told The Commercial Observer.

“Since the storm we’ve been working around the clock to get the building up and running and to bring tenants back – we succeeded this morning at 8 a.m,” Mr. Moss said. Read More

By Stephen Kleege 10/23/12 7:15am

Lower Manhattan

Financial East submarket.

New Breed of Creative Class Tenant Heads to Financial East Submarket

Silverstein Properties this month leased a 50,000-square-foot block of space at 120 Broadway to Beyer Blinder Belle Architects & Planners LLP, taking advantage of the incipient migration of a new breed of tenant into the Financial East area.

The prewar buildings that predominate in the submarket, which includes the financial landmarks along Broad and Wall Streets, have long since ceased attracting the biggest banks, law firms and insurers. Still, while vacancies in the submarket remain at almost 14 percent, local landlords and brokers say the flow of nontraditional tenants into the area is beginning to gain momentum. Read More

By Daniel Geiger 9/05/12 4:17pm

Lease Beat

120 Broadway

Silverstein Properties Scores Series of Deals at 120 Broadway

Silverstein Properties may not yet be pulling tenants to the World Trade Center site, but several leases are teeing up at 120 Broadway according to sources familiar with the building.

At least three deals are done or in process these people say, including a large lease that just got signed for the building’s entire 50,000-square-foot seventh floor with the Metropolitan Council on Jewish Poverty. Read More

By Laura Kusisto 2/16/11 4:47pm

Lease Beat

Two More Floors of Goldman Go

77 Water Street

Goldman Sachs, at one point America’s No. 1 source of sublease space, has handed over another small chunk of its unwanted bounty.

Several years ago, the financial giant leased 600,000 square feet at 77 Water Street, only to decide it didn’t really want to occupy the FiDi favorite. Technology consultancy Read More