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Equativ Signs 10-Year Lease For 24,503 Sq Ft At 1350 Broadway Manhattan With Tony Malkin As Landlord

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LEASED
Shanae Ursini
Robert Lowe
+ 5

New York

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Office24,503 SF
Leased 07/31/2024
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Property Image
LEASED

Equativ Signs 10-Year Lease For 24,503 Sq Ft At 1350 Broadway Manhattan With Tony Malkin As Landlord

1350 Broadway

See Similar Deals
Office24,503 SF
Leased 07/31/2024
Shanae Ursini
Robert Lowe
+ 5
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:24,503 SF
Transaction Type:Lease

The property asset involved is located at 1350 Broadway in Manhattan, featuring an office space of 24,503 square feet. The transaction is a lease signed by the tenant for a period of 10 years, allowing them to occupy the premises in a significant urban area known for its amenities and proximity to the tech hub of New York City.

Summary of transaction details:

The deal involves key individuals from various companies, with Tony Malkin representing the landlord's interests through Empire State Realty Trust. Cushman & Wakefield provided representation for the landlord with a team including Daniel Organ, Peter Kerans, Robert Lowe, and Ron Lo Russo. On the tenant's side, the French ad tech firm Equativ was represented by Scott Bogetti, Alex Redlus, and James Wenk from Savills.

Players

Robert Lowe
22 deals
BROKER

Shanae Ursini
Empire State Realty Trust
12 deals
BROKER

Alex Redlus
Savills
6 deals(305) 987-0764
BROKER

Ron Lo Russo
Cushman & Wakefield
11 deals
BROKER


Daniel (Dan) Organ
Cushman & Wakefield
10 deals$25M volume(212) 841-7720
BROKER


Details

LEASED
IMAGE: Peter Kerans, Ron Lo Russo, Robert Lowe, Daniel Organ, Tony Malkin, Shanae Ursini, James Wenk, Alex Redlus & Scott Bogetti DATE: 07/31/2024 ADDRESS: 1350 Broadway MARKET: Manhattan ASSET TYPE: Office ~ SF: 24,503 LANDLORD: Tony Malkin - Empire State Realty Trust TENANT: Equativ LANDLORD'S REP: Daniel Organ, Peter Kerans, Robert Lowe, Ron Lo Russo - Cushman & Wakefield & Shanae Ursini - Empire State Realty Trust (ESRT) TENANT'S REP: Scott Bogetti, Alex Redlus & James Wenk - Savills LEASE TERM: 10-year lease NOTE: French ad tech firm Equativ signed a 10-year lease for 24,503 sq ft at 1350 Broadway, staying in the 10018 ZIP code. The firm is moving from a nearby location, attracted by the building's amenities and prime location in NYC's tech hub.

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Deal Type
Effective Rent (Annual)

$1,404,497.17

Total Lease Value

$14,044,971.74

Net Landlord Cash Flow$1,404,497.17