Leases  ·  Office

Stanford University Renews Flatiron Campus at 915 Broadway

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Stanford University renewed its lease for its New York City training center at ABS Partners915 Broadway, Commercial Observer has learned.

The organization signed a long-term renewal of the 5,885 square feet it has leased since June 2015 for its Stanford in New York Center, which occupies a portion of the 18th floor of the 20-story building, according to a source with knowledge of the deal.

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The exact length of the lease was not disclosed, but asking rent was $80 per square foot, the source said.

Stanford’s New York training center accepts a cohort of 20 students each year with courses that focus on arts, architecture and design, and urban studies classes, according to its website.

ABS handled the deal in-house via Jay Caseley and Carol Sacks while Matthew Leon of Newmark (NMRK) negotiated on behalf of the tenant. ABS did not immediately respond to a request for comment while Newmark declined to comment.

Other tenants in the 250,000-square-foot building include technology-focused continuing education school General Assembly, which signed a 10-year renewal for its 40,158-square-foot space in April 2021, and Charles Schwab.

Mark Hallum can be reached at mhallum@commercialobserver.com.