Brian Waterman, executive vice president and principal ofNewmark Knight Frank, the building's managing and leasing agent,tells GlobeSt.com that average asking rents in the building rangefrom $52 to $55 per sf, but he could not disclose aggregate leasevalues or taking rent at this time. "Actimize is exactly the kindof tenant that ownership had in mind nearly five years ago when theproperty joined the W&H portfolio and a $54-million,top-to-bottom capital improvements program was undertaken," hesays. "Thanks to the transformation that resulted, 1359 Broadwaynow offers a modernized class-A environment, along with everyamenity that a thriving and prestigious business like Actimizemight require."

Waterman tells GlobeSt.com that it was this renovation, as wellas the tenant profile of the building, that attracted Actimize.Michael Beyda of Benchmark Properties represented Actimize in thelease negotiations. Waterman along with Michael Frantz of NKFrepresented the landlord.

Part of the W&H Properties portfolio, 1359 Broadway is ownedby Marlboro Building Associates LLC, a partnership led by Peter L.Malkin. Located in the heart of the Penn Plaza/Fashion District at36th Street, 1359 Broadway's recently completed renovations programincluded a ceiling restoration; a new lobby; new windows; newrestrooms; a new HVAC system; upgraded electrical systems; newer,faster elevator operating systems; new elevator cabs; andrefurbished public corridors.