Leases  ·  Office

Accounting Firm Takes 27K-SF Floor at Rudin’s 1675 Broadway


Accounting firm Spielman Koenigsberg & Parker is moving its Manhattan headquarters three blocks south to 1675 Broadway, where it has agreed to take 27,000 square feet of office space, according to landlord Rudin Management Company.

Spielman Koenigsberg signed a 15-year lease for the entire 20th floor at the 35-story, 850,000-square-foot office tower between West 52nd and West 53rd Streets, Rudin said in a press release announcing the deal. The company is expected to relocate in June 2018 from its current location at 1745 Broadway between West 55th and West 56th Streets, where it has been subleasing space on the 18th floor from publisher Penguin Random House.

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Asking rent in the deal was $75 per square foot, according to sources with knowledge of the transaction. Howard Tenenbaum and Gary Rosen of SL Green (SLG) Realty Corp. represented Spielman Koenigsberg, while Robert Steinman of Rudin Management represented the landlord in-house.

In the press release, William Rudin, the co-chairman and chief executive officer of Rudin Management, said the landlord is “thrilled” to have secured the accounting firm at 1675 Broadway.

“Given its broad array of entertainment, dining and recreational options and unparalleled access to transportation, including the new Second Avenue subway, we are not surprised that [Spielman Koenigsberg] opted to remain in this Midtown West district when it came time to choose a new home,” Rudin said.

Richard L. Koenigsberg, a partner at the accounting firm, said Spielman Koenigsberg was likewise also “thrilled” to call the Rudin building its new home.

“My father and grandfather owned what was then the largest fuel oil company in New York, Sinram Marnis, which eventually became part of Valero Energy and supplied many of the Rudin properties with heating oil,” Koenigsberg said in the press release. “I am especially pleased that the Rudins and Koenigsbergs are once again doing business together.”

Representatives for SL Green did not immediately return a request for comment.

Rudin Management said it has now completed more than 700,000 square feet of long-term leases, renewals and expansions at 1675 Broadway over the last three years, including separate 27,000-square-foot leases with law firms Ballard Spahr and Roberts & Holland and a 24,000-square-foot deal with financial services firm Bankrate. Advertising giant Publicis Groupe also expanded its footprint at the building to roughly 605,000 square feet in 2015.

The Real Deal first reported news of the Spielman Koenigsberg transaction.