Employee Rights Union Coalition Re-ups at 90 Broad Street
By Liam La Guerre December 30, 2016 4:36 pm
reprints
No change was needed in this deal, except maybe when it came to money.
Change to Win, a Washington D.C.-based partnership of four national employee unions, has signed an early renewal at 90 Broad Street for its 4,197-square-foot offices, the tenant’s broker, Bantam Realty Services, told Commercial Observer.
The organization, which advocates for fair wages and treatment of employees including retail workers, farm hands and truck drivers, will continue to occupy its space on part of the seventh floor of the 25-story building between Bridge and Stone Streets in the Financial District.
The asking rent in the five-year deal was in the high $40s per square foot, according to Bantam Realty’s Daniel Rodriguez Sains, who represented Change to Win with colleague Emory Hardy. Change to Win has had its offices in the building for five years and was “comfortable” with its space, Rodriguez Sains said.
“We looked at the Downtown Manhattan market and the Brooklyn market,” he said. “But at the end of the day renewing was the best move for them. They are happy in the building.”
JLL’s Edward DiTolla, who negotiated the transaction on behalf of landlord Princeton International Properties, did not return a request for comment via a JLL spokesman.
In May, law firm Gallo Vitucci Klar inked a 12,000-square-foot lease to relocate within 90 Broad Street, as Commercial Observer previously reported. Other tenants at the 417,068-square-foot property include law firm DeCorato Cohen Sheehan & Federico and title insurance services firm Regal Title Agency.
