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 at CBRE (CBRE) about the deal. “They like the Times Square energy, boutique floor plates, and great light and air [the] floors offer.”
Mr. Amrich was included among colleagues Patrice Hayden Meagher, first vice president, and Daniel Bodner, a senior associate, as the exclusive leasing team for 1500 Broadway. Erik Schmall, an executive managing director at Studley, represented the tenant in the transaction.
“They’ve expanded by 4,000 square feet on the same floor,” Mr. Schmall said. “It’s a good quality building with lighting and views. They’ve been almost ten years now.”
IIG Capital, known as the International Investment Group Capital, was found in 1996 as a trade finance firm that specializes in emerging markets. Since its launch, the group has facilitated $7.5 billion in transactions. Though it is headquarted in New York at 1500 Broadway, the firm has representatives across the world to serve their international clientele.
The expansion will extend IIG’s occupancy to the entire 27th floor of the 34-story, 500,000 square foot building.
“The building has a great mix of different industries,” added Mr. Amrich.
The impressive list of tenants include Disney, Hewitt Associates, Fair Isaac, Starbucks, Disney and ABC, and the New York Times’ About.com. NASDAQ is also in the building across from their market site tower at 4 Times Square.
