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.
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.
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.
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.
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
Terrorism. The name says it all. Al Qaeda and groups like it are dead set on not only causing physical harm but also exacting a much wider psychic toll. After Friday’s failed bomb plot, they seem to have succeeded in an unusual way here in the city
Even though the bombs were bound for Chicago, Read More