Macro Risk Advisors Renews at 1450 Broadway
Agency-broker Macro Risk Advisors has renewed its 3,771-square-foot lease on the 28th floor of 1450 Broadway. Asking rents for the tower floors range from $65 to over $70 per square foot.
“These are all office users that are being drawn to this building primarily due to the location and renovations,” Jonathan Fanuzzi, broker at Jones Lang LaSalle, who represented the landlord, told The Commercial Observer of the building’s recent leasing activity, declining to comment on the term of Macro Risk Advisors’ lease.
As reported by The Commercial Observer, The Zar Group-owned 1450 Broadway has enjoyed a flurry of leasing on the tower floors in recent weeks, including the relocation of EVA Air‘s New York offices to the property.
The Zar Group acquired 1450 Broadway for for $204 million in 2011 from a partnership comprised of The Chetrit Group, The Moinian Group and Minskoff Equities. The building is currently undergoing a significant renovation, including a new lobby designed by architect Dan Shannon of Moed de Armas & Shannon, the firm that will also spearhead the repositioning of Herald Center for JEMB Realty.
Founded in 2008, Macro Risk Advisors provides risk analysis and derivatives trade structuring for institutional investors. In April, the firm announced it would expand its recruiting and training program.
Sinclair Li and Sam Seiler of CBRE represented the tenant in the transaction. The landlord was represented by Mr. Fanuzzi, Barbara Winter, Ben Bass and Mitchell Konsker of JLL.