Mott MacDonald Leases 25,372 Square Feet At Empire State Building With Tenant's Rep Colliers
1400 Broadway
Building Size
25,372 SF
Asset Type
Office
Closing
Jul 7, 2025
AI
The asset involved in this transaction is an office space located at 1400 Broadway in Manhattan, with a total square footage of 25,372. The lease was signed by the tenant for a full-floor space at the Empire State Building. The property is under the management of Empire State Realty Trust, with Anthony E. Malkin as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1400 Broadway
- Market: Manhattan
- Landlord: Anthony E. Malkin - Empire State Realty Trust
- Tenant: Dean Radeloff - Mott MacDonald NY Inc
- Landlord's Representatives: Scott Klau, Erik Harris, Neil Rubin, Brent Ozarowski, Zach Weil & Cole Gendels - Newmark; Shanae Ursini - Empire State Realty Trust
- Tenant's Representatives: Sheena Gohil, Jack Senske & Teresa DeLeo - Colliers
Mott MacDonald has signed a lease for the new office space while retaining its existing 18,434-square-foot office at 1400 Broadway. This represents a strategic expansion for Mott MacDonald in the Manhattan office market.
Players
Staten Island Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93