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Category Archive1400 Broadway

Uber Takes 35K SF at 1400 Bway for Second Manhattan HQ

Uber is cruising into new digs spanning nearly 35,000 square feet at 1400 Broadway.

The San Francisco-based ride-hailing company has taken 34,600 square feet on the entire 12th floor at the building between West 38th and West 39th Streets, landlord Empire State Realty Trust told Commercial Observer.

The office will serve as Uber’s second Manhattan headquarters, primarily housing Uber’s engineering team, according to The New York Post, which first reported news of the deal. Uber’s other Manhattan space is about 52,000 square feet inside The Terminal Stores warehouse complex at 636-638 West 28th Street in Chelsea, as CO previously reported.

Marc Donner, Uber’s director of engineering, said in a prepared statement provided to CO: “New York City has become the tech hub of the East Coast and we are excited to expand our engineering footprint here. With this new space, we plan to grow our engineering office and attract the top tech talent in the city.”

The asking rent in the 1400 Broadway deal was $62 per square feet, an ESRT spokeswoman said, declining to provide the length of the lease.

Thomas P. Durels, the director of leasing and operations for ESRT, said in a prepared statement: “In addition to the desirable location, 1400 Broadway has been modernized for the 21st century; will soon feature an expanded lobby and is located in the convenient Times Square South neighborhood just steps from Bryant Park.”

The building at 1400 Broadway is 37 stories and 927,683 square feet. As CO reported last September, immigration law firm Fragomen, Del Rey, Bernsen & Loewy leased three full floors at the property. That lease was for 16 years.

CBRE’s Sacha Zarba and Alice Fair represented Uber in the deal. The brokers declined to comment via a spokeswoman. ESRT’s Keith Cody represented the landlord in-house, along with Newmark Knight Frank’s Scott Klau, Erik Harris and Neil Rubin. A spokesman for NKF didn’t immediately respond to a request for comment.

Source: commercial

Top Law Firm Takes 108K-SF at 1400 Broadway

Immigration law firm Fragomen, Del Rey, Bernsen & Loewy has taken three full floors at Empire State Realty Trust’s 1400 Broadway near Bryant Park.

The multinational firm inked a 16-year deal for the eighth through 10th floors at the 35-story building, which is located between West 38th and West 39th Streets. Asking rent in the deal was $69 a square foot, according to the New York Post, which first reported the lease.

John Shaunfield, Seth Weinstein and Paul Ippolito of Newmark Knight Frank represented Fragomen in the transaction. Keith Cody of ESRT, along with NKF’s Scott Klau, Erik Harris and Neil Rubin, repped the landlord.

“Fragomen joins a roster of high quality tenants at 1400 Broadway,” said Thomas Durels, director of ESRT’s leasing and operations, in prepared remarks. “Fragomen was attracted to the desirable Times Square South neighborhood and the property’s 21st  Century modernization combined with its unique building characteristics.”

Fragomen is relocating from 7 Hanover Square, also known as the Guardian Life Building, in the Financial District.


Source: commercial

Law Firm Fragomen Takes 108K SF at 1400 Broadway

Immigration law firm Fragomen, Del Rey, Bernsen & Loewy has taken three full floors at Empire State Realty Trust’s 1400 Broadway near Bryant Park.

The multinational firm inked a 16-year, 108,000-square-foot deal for the eighth through 10th floors at the 35-story building, which is located between West 38th and West 39th Streets. Asking rent in the deal was $69 a square foot, according to the New York Post, which first reported the lease.

John Shaunfield, Seth Weinstein and Paul Ippolito of Newmark Knight Frank represented Fragomen in the transaction. Keith Cody of ESRT, along with NKF’s Scott Klau, Erik Harris and Neil Rubin, repped the landlord.

“Fragomen joins a roster of high quality tenants at 1400 Broadway,” said Thomas Durels, director of ESRT’s leasing and operations, in prepared remarks. “Fragomen was attracted to the desirable Times Square South neighborhood and the property’s 21st  Century modernization combined with its unique building characteristics.”

Fragomen is relocating from 7 Hanover Square, also known as the Guardian Life Building, in the Financial District. Guardian Life Insurance Co. of America, the property’s anchor tenant, recently activated a purchase option on 7 Hanover Square and subsequently retained the Cushman & Wakefield investment sales team of Douglas Harmon and Adam Spies to market the building for sale, as Commercial Observer first reported in August.

C&W is expected to market 7 Hanover Square as ripe for a potential repositioning as a residential property, and Guardian Life has already made plans to vacate its space at the building after agreeing to sublease 148,000 square feet of office space from Coach Inc. at 10 Hudson Yards, as CO reported last week.


Source: commercial

Renfro Corporation Inks 29K-SF Deal at 1400 Broadway


Source: commercial

Dress Designer Moving HQ Within Garment District With 21K-SF Lease


Source: commercial