Etrali Trading Solutions, a French company, has signed a seven-and-a-half-year lease for 5,837 square feet on the 19th floor of 1500 Broadway, The Commercial Observer has learned.
Starting rent for Etrali’s lease is in the mid-$50s per square foot, according to data from CompStak. An Etrali employee confirmed the deal, citing an expiring lease at the company’s current 225 Liberty Street location and better financial terms as motivation for the relocation. The company expects to move into its new Times Square space next month.
The digital advertising provider Videology Inc. signed a 10-year, 16,000-square-foot lease at 1500 Broadway, also known as Times Square Plaza.
Jones Lang LaSalle‘s Jim Wenk and Rhett Miller represented the tenant. CBRE‘s Paul Amrich, Patrice Meagher and Daniel Bodner represented the landlord, Zapco 1500 Investment LP.
The company will relocate to the fourth floor from the 11th floor of the Class A, 501,429-square-foot building. Fellow tenants include Disney and ABC, Hewitt Associates and About.com.
IIG Capital LLC has inked a deal to expand its lease at 1500 Broadway. The finance trade firm will now occupy 5,679 square feet in Tameres Realty’s prime Times Square building.
“[Their] growth was due to a new business line [that] they have added,” said Paul Amrich, vice chairman of the New York tri-state region division Read More