Martha Graham Dance Company Signs 30-Year Lease At 1501 Broadway With Paramount Leasehold

The property asset involved in the transaction is an office space located at 1501 Broadway in the Times Square market. The space covers 30,000 square feet and is operated by Paramount Leasehold, the landlord.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 1501 Broadway
• Market: Times Square
• Landlord: Paramount Leasehold
• Tenant: LaRue Allen & Janet Eilber - Martha Graham Dance Company
• Lease Term: 30-year lease
• Brokers: John Oler - JSBO Realty & Capital & Marcus Rayner - Colliers

The deal was marked by the signing of a 30-year lease by the Martha Graham Dance Company, which will relocate its headquarters to Times Square from the West Village in January 2026. The new Martha Graham Center will feature classrooms, administrative offices, and archival facilities, which will undergo a $6 million renovation to establish a six-studio facility.