Toll Brothers Moving Manhattan HQ to 75 Broad Street
Lauren Elkies Schram Nov. 12, 2014, 2:36 p.m.
Horsham, Pa.-based Fortune 100 home builder Toll Brothers is relocating its Manhattan headquarters from 99 Wall Street to 75 Broad Street, JEMB Realty announced.
Toll signed a lease for 8,100 square feet on the 21st floor at the building between Beaver and South William Streets, and is slated to move in by the end of the year, according to a spokeswoman for JEMB, the building’s owner.
Louis Jerome of JEMB Realty negotiated the deal directly with Toll Brothers. JEMB’s spokeswoman would not disclose the length of the lease.
Built in 1927 as the headquarters of ITT Corp., one of the first international telephone and telegraph giants, the 675,000-square-foot 75 Broad Street has undergone $40 million in upgrades since JEMB purchased the building in 1999 for an undisclosed sum.
New tenants in the building include Human Rights First, an advocacy and action organization; StellaService, a provider of customer service performance data and analytics for online retailers; Sun & Moon Marketing, a real estate marketing and branding firm; Design Quadrant, a full-service design and architectural firm; and Prodotti Mediterranei, an international food company.
The latest flurry of leases brings the building to 90 percent occupied.