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JLL Represents Pandora In 15-Year Lease At 1540 Broadway In Times Square

1540 Broadway
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This Office property located in NY was leased over 1 year ago. The asking rent per square foot was $82. The brokers of the deal were Daniel (Dan) Posy, Bob Gibson, Clark Finney, Frank Doyle, and Carlee Palmer

The office property located at 1540 Broadway in Times Square has been leased on a 15-year lease. The tenant, Pandora, has secured the space from the landlord, HSBC and Edge Fund Advisors, with the representation of JLL brokers Daniel Posy, Peter Michailidis, Robert Gibson, Clark Finney, Frank Doyle, Michael Pallas, and Carlee Palmer. The lease terms include an asking rent of $82 per square foot for a total of 27,936 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not Applicable (lease)
  • Address: 1540 Broadway
  • Market: Times Square

The lease agreement for the office space at 1540 Broadway was facilitated by JLL brokers Daniel Posy, Peter Michailidis, Robert Gibson, Clark Finney, Frank Doyle, Michael Pallas, and Carlee Palmer. Pandora, the tenant, will occupy the 27,936 square feet of office space for a duration of 15 years. The lease transaction was negotiated between the tenant's representatives and the landlord, HSBC and Edge Fund Advisors.

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Deals
  • Location
    1540 Broadway, New York City, New York 10036, United States1540 Broadway, New York City, New York 10036, United States
  • Leased Value
    $82$82
  • Asking Rent
    $82 PSF$82 PSF
  • Area
    27,936 SF27,936 SF
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Daniel (Dan) Posy

Daniel (Dan) Posy

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Leased2

Bob Gibson

Bob Gibson

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Leased4

Carlee Palmer

Carlee Palmer

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Leased6

Clark Finney

Clark Finney

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Financed$500M

Frank Doyle

Frank Doyle

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Financed$538.2M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

LEASE IMAGE: Daniel Posy, Peter Michailidis, Robert Gibson, Clark Finney, Frank Doyle, Carlee Palmer & Michael Pallas DATE: 12/13/2022 ADDRESS: 1540 Broadway MARKET: Times Square ASSET TYPE: Office LANDLORD: HSBC (@HSBC) & Edge Fund Advisors TENANT: Pandora BROKERS: Daniel Posy, Peter Michailidis, Robert Gibson, Clark Finney, Frank Doyle, Michael Pallas & Carlee Palmer - JLL (@JLL) ASKING RENT: $82/ft. ~ SF: 27,936 LEASE TERMS: 15-year lease

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1540 Broadway

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