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

Covala Inks at 55 Broadway

Courtesy of Charles Holden

55 Broadway welcomes Covala as one of its latest tenants.

The administrator of supplemental disability benefits will be taking 5,081 square feet in Broad Street Development‘s downtown building. The office is located on seventh floor of the 32 story building. Read More

Lease Beat

ELANY Renews Lease at 55 Broadway

55 Broadway

The Excess Line Association of New York has renewed its lease at 55 Broadway, it was announced yesterday.

The lease is for the entire 9,500-square-foot 29th floor and is a five-year deal for a total of 6½ years, according to David Israni, senior managing director at Broad Street Development, the landlord.

Asking rents for the building are in the high 30s, Mr. Israni noted. With 18 months left to go on the existing lease, the new deal was in the 40s and was amortized into the deal with ELANY’s remaining obligations, he said. The deal closed in January, according to a statement. 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