NEW YORK CITY-Long-distance carrier IDB Communications Group hasre-upped its New York office space at the Moinian Group’s 90 JohnSt., GlobeSt.com has exclusively learned. The three-year renewal isfor more than 35,000 square feet on two levels at the 32-storyDowntown office tower.

|

A Newmark Knight Frank team of Adam Leshowitz, Jamie Jacobs andRobert Sattler represented Moinian. Cushman & Wakefield’sJeffrey Heller represented the Los Angeles-based tenant, which isreportedly the fourth largest US-based international long-distancecarrier and the largest US-based international private linecarrier.

|

Originally founded as a mobile satellite services company in theearly 1980s, IDB diversified during the late 1980s and early 1990s,branching into several broadcasting niches through subsidiaries IDBSystems, IDB Broadcast, IDB Mobile and IDB WorldCom. Leshowitzcomments that the telecom firm has had “a long-term presence atthis well-located asset.” A Moinian spokesman tells GlobeSt.comthat IDB has been based at 90 John for more than 15 years via aseries of short-term leases.

|

In a statement, Kimia Shadrokh, senior associate director atMoinian, comments that IDB’s renewal at 90 John “reaffirms thebuilding’s position as a destination for high-tech andcommunications companies looking for both convenient access foremployees and proximity to high-speed fiber networks.” Othertenants at the 201,000-square-foot property include Merritt &Harris, Verizon Business and China Systems. It’s one of three LowerManhattan office properties in the Moinian portfolio, which alsoinclude 180 Maiden Ln. and 17 Battery Pl.

|

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.