DeSimone Consulting Engineers Signs 25K-SF Deal at 140 Broadway
Liam La Guerre Aug. 11, 2016, 1:30 p.m.
DeSimone Consulting Engineers has signed a lease and moved it’s New York offices to Union Investments’ 1.1-million-square-foot office tower at 140 Broadway in Lower Manhattan, Commercial Observer has learned.
The engineering firm, which provides services to architects, owners and developers internationally, relocated on Monday to the entire 25,000-square-foot 25th floor of the 51-story building between Liberty and Cedar Streets. The terms of the deal was not disclosed, but the asking rent for the 26th floor—the one above DeSimone’s new space—was $65 per square foot in a recent deal, as Commercial Observer recently reported.
DeSimone moved from 18 West 18th Street between Fifth and Sixth Avenues. There the company had 15,000-square-foot offices on the 10th floor, according to CoStar Group.
“DeSimone has experienced extraordinary growth in recent years and 140 Broadway is an ideal location as our company continues to expand in the greater New York market,” Stephen DeSimone, president and chief executive officer of DeSimone Consulting Engineers, said in a news release.
Signature Partners’s Andrew Weiss, who represented the tenant in the transaction with colleague Robert Frost and a Cushman & Wakefield team, did not return a request for comment.
“DeSimone’s move to 140 Broadway reinforces the Downtown market’s, and specifically 140 Broadway’s, growing appeal to companies relocating from the city’s other major markets,” C&W’s Robert Constable said in a statement.
Other C&W brokers on the deal were Louis D’Avanzo, Edward Mombello, Myles Fennon and Carlos Suarez.
The company joined current tenants Brown Brothers Harriman, GFI Capital Resources Group and Paradigm Talent Agency, which completed a lease for the 26th and 27th floors at 140 Broadway last month, as CO reported.
It was not clear who represented landlord Union Investments in the deal.