Lease Beat

Samuel A. Ramirez & Co. Extends and Expands Lease Downtown

61 Broadway.

Samuel A. Ramirez & Co. has extended its lease at 61 Broadway between Rector and Morris Streets, Commercial Observer has learned. According to a source familiar with the deal, the securities broker that has been a building tenant since the 1970s extended its lease through 2027. It was set to expire in 2017.

At the end of last month, the firm expanded its 18,000-square-foot lease to 24,000 square feet, Crain’s New York Business reported. The firm will occupy the entire 29th floor of the 33-story building. Another tenant relocated within the building to make the space available, according to a source familiar with the deal. Read More

Building Sale

RXR Closes $330M 61 Bway Buy

61 Broadway.

Last Friday, RXR Realty closed on its $330 million purchase of 61 Broadway at Exchange Place, Commercial Observer has learned.

The deal marks RXR’s entree into the lower Manhattan market. RXR wanted the 33-story building because “the building itself has a tremendous amount of character,” it’s a great block with “lots of air and light” and one of RXR’s tenants took a lease there, said Scott Rechler, chairman and chief executive officer at RXR. Read More

least beat

Nonprofit Group CSH Inks 15,293-Square-Foot Deal at Sizzling 61 Broadway


The nonprofit Corporation for Supportive Housing signed a 10-year, 15,293-square-foot lease at 61 Broadway in a relocation and consolidation from 50 Broadway, The Commercial Observer has learned.

David Carlos of Studley represented the tenant in the transaction. The landlord, Broad Street Development, was represented in-house by David Israni and Ramona Huegel. Asking rents are in the high $30s-per-square-foot. Read More

Lease Beat

Integral Consulting Moves Down Broadway

Courtesy of NYC Office Spaces

Integral Consulting has inked a deal for a new office space at 61 Broadway.

The environmental health and engineering firm will take 5,117 square feet at Broad Street Development‘s 61 Broadway. The firm will be moving their New York offices to the 16th floor of the building in favor of their old office at 267 Broadway. Read More

Lease Beat

Law Firm Follows Flock to Broad Street Development’s 61 Broadway


Law firm Rosner Nocera & Ragone, LLP’s signing of a 8,135-square-foot lease at 61 Broadway is the latest in a wave of leases at Broad Street Development’s properties.

Founded by Raymond Chalmé and Daniel Blanco, Broad Street Development has wrapped up 54,000 square feet of new leases and renewals at 55 and 61 Broadway, located in the heart of the Financial District, and which the firm bought in 2004 and 2006, according to the New York Post.

Three of the resent signings at 61 Broadway, including MT2 Network, Rosner Nocera & Ragone and Vincenti & Vincenti, left Sandy-damaged buildings for the property and Mr. Chalmé said asking rents are in the $30s at the building, according to the Post.

“You read a lot about the bigger deals, but the smaller-tenant market’s alive and well,” he said. Read More

Lease Beat

Trinity Place Department Store Opens Flagship Store

Courtesy of Racked

Trinity Place Department Store has opened up shop at 61 Broadway.

The newly established department store has opened a 26,141-square-foot operation, spanning three stories at the base of 61 Broadway in the Financial District.

The location will be its flagship store; the company plans to open in London, Paris and Milan in the coming year. Read More