Quantilus Takes 4K S/F At 115 Broadway
Daniel Geiger July 26, 2012, 7:30 a.m.
Quantilus, an IT firm, is taking 4,100 square feet at 115 Broadway, a portion of the 430,000-square-foot building’s 12th floor.
The company signed a five year deal for rents in the $30s per square foot.
The lease is one of a handful of transactions that are brewing at the building and its sister property 111 Broadway. The buildings, which are not interconnected but sit directly adjacent to one another, are known for their ornate lobbies, which were profiled in a recent slideshow tour presented by The Commercial Observer.
The two towers together total about 800,000 square feet and have several spaces available for asking rents around $40 per square foot.
Brad Gerla and Adam Foster, two leasing executives at CBRE, handle the agency assignment for the owner of the twin buildings, Capital Properties. The two brokers represented ownership in the deal with Quantilus while the tenant was repped by Javon Johnson of Fountain Realty.
“We have a lot of activity right now at both buildings,” Mr. Gerla told The CO.
Among the most prominent availabilities at the properties is the entire second floor of 115 Broadway, which totals about 21,000 square feet in size and has towering ceiling heights. Mr. Gerla said that as vacancies dwindle in Midtown South, a neighborhood that has become hot among technology tenants and other booming industries, spillover will occur into Lower Manhattan and 111 and 115 Broadway will be poised to capture the activity.
“These buildings have an incredible aesthetic that a lot of tenants who are drawn to Midtown South will definitely identify with,” Mr. Gerla said.