Empire Education Corporation Renews 10-Year Lease For 40000 Sq Ft At 25 Broadway Financial District

The transaction involves a special purpose asset located at 25 Broadway in the Financial District. The asking rent was set at $50 per sq. ft. for a total of 40,000 sq. ft. This lease pertains to the renewal of a 10-year term.

Summary of transation details:

• Property Type: Special Purpose
• Transaction Amount: $2,000,000
• Address: 25 Broadway
• Market: Financial District
• Landlord: Steve Wolfson - Wolfson Group
• Tenant: Empire Education Corporation (EEC)
• Broker: Randy Sherman - Helmsley Spear
• Lease Term: 10-year renewal

Empire Education Corporation renewed its lease at this location to maintain Mildred Elley’s NYC campus presence in the Financial District, ensuring continuity for its operations within the area.