30 Broad Street Office Leased By Hargreaves Jones In FiDi With LSL Advisors As Tenant's Representatives

Hargreaves Jones, a tenant in the FiDi area, has signed a lease for an office space located at 30 Broad Street. The asset type of the property is an office, and it is situated in the heart of the Financial District.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Lease
• Asking Price: $56 per square foot
• Square footage: 5,851 sqft
• Address: 30 Broad Street
• Market: FiDi

The landlord for this office space is Tribeca Associates, represented by Bill Brodsky. Hargreaves Jones was represented by Eric Siegel and Wayne Siegel from LSL Advisors. The landlord was represented by Andrew M. Peretz, Hal D. Stein, David E. Malawer, and Daniel Appel from Newmark Knight Frank.

In 2016, Tribeca Associates purchased the leasehold on this 477,000 square foot office tower for approximately $130 million. They currently pay around $2.7 million in annual rent to the estate of Sol Goldman. The leasehold is set to expire in 2079, but there is a rent reset scheduled for 2035. This reset will adjust the annual rent to 4.5% of the market value of the land.