All in the Family: Construction Company Secures New York Office

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LPCiminelli Inc., a Buffalo-based construction company, has signed a 5-year lease for 5,836 square feet on the 35th floor of 1250 Broadway. Asking rents were in the mid-$50s per square foot.

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The deal with brokered on the tenant side by Kyle Ciminelli, managing director at Newmark Grubb Knight Frank and nephew of the LPCiminelli’s owner, Louis Ciminelli.

“Representing a family member is always fun,” Mr. Ciminelli told The Commercial Observer.

exterior plaza All in the Family: Construction Company Secures New York OfficeLPCiminelli has recently expanded its presence in the Tri-State region, winning a number of projects in the area and the growth necessitated a New York office.

“They’re doing some work at the race track at the Meadowlands,” Mr. Ciminelli noted. “They’re looking to go after some more city-wide business.”

The lease was signed last month and LPCiminelli is expected to occupy its space in the fall of this year following a build out by the landlord, a partnership between Jamestown Properties and Murray Hill Properties.

“It was a pleasure working with Jamestown, they’re a great landlord to work on a deal with and handled the process fantastically,” Mr. Ciminelli said. “It’s rare for the landlord to offer a turnkey on a five-year deal.”

Built in 1969, the 39-story building at 1250 Broadway offers floor plates ranging from 15,000 to 26,500 square feet.  Last month, office provider Regus leased the building’s entire 15,356-square-foot 36th floor.

Mr. Ciminelli and David Falk of NGKF represented the tenant. The landlord was represented by Mitchell Arkin, Peter Alden and Michael Blanchard of Cushman & Wakefield.

C&W did not return requests for comment.