Savanna Signs Another New Tenant at 80 Broad Street
Gus Delaporte March 13, 2014, 7:30 a.m.
Indus Architect has signed a seven-year lease for a 2,240-square-foot portion of the 16th floor at Savanna’s 80 Broad Street, Commercial Observer has learned.
The tenant will relocate to the Financial District from the 12th floor of 225 West 39th Street immediately. Asking rent at 80 Broad Street ranges from $36 to $42 per square foot.
A forensic architecture firm, Indus Architect offers property condition assessment, damage assessment and code compliance, among other consulting services. The firm worked on a property condition assessment for Kings Plaza Mall in Brooklyn in 2012.
Real estate investment firm Savanna acquired 80 Broad Street from Swig Equities in 2011 after taking control of the property’s senior mortgage. Swig Equities had acquired the 410,000-square-foot building for $70 million in 2004.
As reported by Commercial Observer, the Spain-U.S. Chamber of Commerce signed a 10-year lease for a 3,540-square-foot portion of the 21st floor at 80 Broad Street last month.
Hal Stein, Todd Stracci, and Adam Leshowitz of Newmark Grubb Knight Frank represented the landlord in the transaction. Jovan Johnson of Fountain Realty Group represented the tenant.