Gensler Associates Leases 120,000 SF Office Space At 1700 Broadway, New York

The office property located at 1700 Broadway in New York, NY, 10019, will be the new 120,000 square feet home for architecture firm Gensler Associates. The deal spans 12 years with Gensler occupying space on the sixth through 12th floors, at an asking rent of $59/SF. Gensler was represented by CBRE’s Mary Ann Tighe, Ken Rapp, Timothy Dempsey, and Sinclair Li, while Ruben Companies, the landlord, was represented by Newmark Grubb Knight Frank’s David Falk and Peter Shimkin.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not Specified
• Tenant: Gensler Associates
• Tenant's Rep: Mary Ann Tighe (CBRE)
• Landlord: Ruben Companies
• Address: 1700 Broadway, New York, NY, 10019
• Market: New York
• Square Feet: 120,000

With the increasing demand for large office spaces in Midtown South, Gensler's lease at 1700 Broadway signifies a significant move for the architecture firm. This transaction marks Gensler as the second architecture firm to secure a substantial lease in the vicinity in recent times, following CookFox's deal at 250 West 57th St. Gensler's choice reflects the limited availability of sizable office spaces in the area, highlighting the importance of their new 120,000 square feet location.