Fintech Company Broadridge Moving to 85K SF at 605 Third Avenue
The Long Island-based firm signed a 15-year lease for the 39th through 42nd floors of the 44-story Third Avenue tower between East 39th and East 40th Streets, The Real Deal first reported.
Asking rents were in the low $80s per square foot, a source with knowledge of the deal said. Broadridge will relocate from its current 53,000-square-foot offices at One Park Avenue in January 2020, according to Paul Amoruso, of Oxford and Simpson, who brokered the deal for Broadright with Michael Ciotta.
“They were really bursting at the seams,” Amoruso said. “We worked for two years to find the perfect place and are really pleased with how the transaction turned out.”
The landlord handled the deal with an in-house team of Marc Packman and Clark Briffel along with Bruce Mosler, Louis D’Avanzo, Andrew Ross, Michael Baraldi and Maria Travlos of Cushman & Wakefield (CWK). Spokespeople for C&W did not immediately respond to a request for comment.
Fisher Brothers built 605 Third Avenue in 1963 and finished a $25 million capital improvement program in early 2016, as per a news release. The 1.1-million-square-foot building is currently 93 percent leased.
“Our leasing successes are a testament to the enduring strength of Midtown and a validation of our efforts to modernize the property through the lobby renovation,” Fisher Brothers partner Ken Fisher said in a statement.
Other tenants in the building include television station Univision, engineering firm Aecom and business and publishing company Informa.