16 Court Street Welcomes Blumberg Excelsior to Brooklyn
By Michael Ewing September 24, 2012 8:00 am
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Blumberg Excelsior is leaving Manhattan in favor of Brooklyn’s tallest office building.
The seal certificates and legal business forms and software provider will be moving their corporate headquarters from 61 White Street in the Financial District to 16 Court Street in Brooklyn.
The company has signed a five-year 12,420-square-foot lease that spans the entire fourteenth floor of SL Green’s building.
“Economics, breathtaking views of the Manhattan skyline and better operating efficiencies gained by being located on one floor drove Blumberg’s decision to relocate to Brooklyn from its home of more than 30 years in downtown Manhattan,” said Steven Durels, director of leasing and real property of SL Green in a prepared statement.
A leasing team from Ingram & Hebron Realty consisting of Robert Hebron, Robert Hebron IV, and Paula Ingram represented both Blumberg and SL Green in the transaction.
Blumberg plans to move into the building in the first quarter of 2013.
On the corner of Montague and Court Street, the 36-story, 274,000-square-foot building was initially building in 1928 and has recently undergone a multimillion dollar improvement program that has upgraded the elevator cabs, windows and corridors as well as constructed a new lobby and several pre-built suites.
Several notable firms have offices in the building including the real estate investment services firm Marcus & Millichap and Michael Van Valkenburgh Associates. The City University of New York also operates its Office of Academic Affairs within the building.
