NEW YORK CITY—Invesco Real Estate, whichrecently led a partnership in the acquisition of 1370Broadway, has appointed Newmark Grubb KnightFrank as the office building's exclusive leasingagent.


The 17-story, 280,000-square-foot Class A office building wasbuilt in 1922 and is located midway between Times Square and HeraldSquare, and near major transportation hubs at Penn Station, PortAuthority and Grand Central Station. With 13-foot ceilings,abundant light and unobstructed views of 6th Avenue to the east,the building features 17,000-square-foot floor plates.


"This long-term investment gives us the opportunity to tap intogrowing demand from growth sectors such astech/advertising/media/information that continue their unabatedexpansion in New York City. They are increasingly looking for morecost-effective alternatives to Midtown South, where theytraditionally have landed. One of those areas of interest is TimesSquare South," says Lesley Lisser, a director inasset management for Invesco Real Estate.


The property recently underwent a multi-million dollarrenovation. The property offers a newly modernized lobby atrium,including a glass entry highlighted by a classic canopy with newrevolving doors. The building also features upgraded elevator cabswith digital screens for the latest news and updates fortenants.


"Invesco is undoubtedly committed to the building and creatingan office environment that ensures its tenants' success," saysBrian Waterman, a vice chairman in NGKF'sManhattan office, who will lead the leasing efforts along withMichael Dreizen, senior managing director, andCourtney Adham, managing director. "With itsenviable location and adaptable space, corporate users have manyoptions to design a space that's optimal for its employees andoperations."

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.