Selldorf Architects Renews 14K-SF 860 Broadway Lease for 10 Years

Architecture firm Selldorf Architects has renewed its 10-year, 13,815-square-foot lease at Gordon Property Group’s 860 Broadway.  

Selldorf has called the Flatiron District’s 860 Broadway home for the last two decades, according to landlord brokerage Colliers. The asking rent was not disclosed. However, the average asking rent for office space in Midtown South was $79.41 per square foot, with Class A office space asking an average of $97.22 per foot and Class B space asking $79.96 during the second quarter, according to Colliers data. 

Seth Hecht from Colliers represented Gordon Property in this deal, while the tenant was represented by Erik Schmall and Scott Weiss from Savills.

“860 Broadway is one of Manhattan’s iconic office buildings, and its location continues to make it a highly desirable destination for creative and innovative companies,” Hecht said in a statement announcing the renewal. “When a firm as globally respected as Selldorf Architects commits to another decade in the building, it speaks to both the property’s enduring appeal and the long-term strength of this market.”

Savills did not immediately respond to Commercial Observer’s request for comment. 

“Our focus has always been on owning and operating buildings for the long term,” Tim Gordon, managing director of Gordon Property Group, said in the statement. “Creating an environment where great companies choose to stay and grow is the ultimate measure of our success, and we’re proud that 860 Broadway continues to earn that kind of commitment.”

Selldorf Architects was founded by Annabelle Selldorf in New York City in 1988, according to the company website. The firm has worked on a number of prestigious projects, including the Frick Collection, the Chateau Haut-Brion — a 16th century estate near Bordeaux in France – and the Museum of Contemporary Art in San Diego. The firm also works on residential and corporate projects. 

Selldorf did not immediately respond to CO’s request for comment. 

Located on East 17th Street at the intersection of the Flatiron and Union Square neighborhoods, 860 Broadway is a six-story commercial office building with ground-floor retail space. Office tenants include fintech firm Valon Technologies as well as video technology and software company Kaltura. 

Amanda Schiavo can be reached at aschiavo@commercialobserver.com.