The 360,000 square foot building at 80 Broad Street owned by Savanna will be the new home for Forte Capital Group.
Forte Capital Group, a full-service fixed income securities trading firm, will be moving from its suite on the 28th floor of 120 Broadway to Broad Street. The firm signed a 10,225 square foot lease on the 29th floor of the 35 story building. The lease term was set for fourteen years.
“Forte Capital Group sought larger space with a newly upgraded technological infrastructure, an advanced telecommunications and power system, and the aesthetic appeal only a recently renovated space would offer,” said Todd E. Korren, principal at Savanna.
Hank Walker and Joel Weinberg of UGL Services Eequis Operations Co. represented the firm in the transaction. Savanna, the landlord, was represented by Hal Stein, Adam Leshowitz, and Todd Stracci of Newmark Knight Frank.
“Savanna acquired 80 Broad Street in September of 2011 and immediately took the building off the market to implement a major capital improvement program, which includes a $19 million investment in building improvements and renovations to tenant spaces,” Mr. Korren further noted, “Savanna’s capital improvement plan also includes comprehensive building upgrades with fully modernized elevators, a renovated lobby with enhanced lighting and restored stone detailing, refurbished common area bathrooms, and new common corridors.”
Additional notable tenants at 80 Broad Street include Faunus Group International, First Republic Bank, and McGivney & Kluger.