New Mountain Capital Rents 108,374 SF at 1633 Broadway

The transaction brings the Paramount Group’s 2.5 million square-foot office tower to 100% leased.

1633 Broadway

NEW YORK CITY—New Mountain Capital is setting up its new headquarters on the top two floors, spanning 108,374 square feet in the office tower at 1633 Broadway. The alternate investment firm signed a lease with the building owner Paramount Group for an initial term of 16 and a half years.

Paramount did not disclose the lease amount. However, CoStar states that average asking rents for a Class A property in the Columbus Circle submarket where this property is located are approximately $78 per square foot.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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