NEW YORK CITY—Invesco Real Estate, which recently led a partnership in the acquisition of 1370 Broadway, has appointed Newmark Grubb Knight Frank as the office building's exclusive leasing agent.
The 17-story, 280,000-square-foot Class A office building was built in 1922 and is located midway between Times Square and Herald Square, and near major transportation hubs at Penn Station, Port Authority 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 into growing demand from growth sectors such as tech/advertising/media/information that continue their unabated expansion in New York City. They are increasingly looking for more cost-effective alternatives to Midtown South, where they traditionally have landed. One of those areas of interest is Times Square South," says Lesley Lisser, a director in asset management for Invesco Real Estate.
The property recently underwent a multi-million dollar renovation. The property offers a newly modernized lobby atrium, including a glass entry highlighted by a classic canopy with new revolving doors. The building also features upgraded elevator cabs with digital screens for the latest news and updates for tenants.
"Invesco is undoubtedly committed to the building and creating an office environment that ensures its tenants' success," says Brian Waterman, a vice chairman in NGKF's Manhattan office, who will lead the leasing efforts along with Michael Dreizen, senior managing director, and Courtney Adham, managing director. "With its enviable location and adaptable space, corporate users have many options to design a space that's optimal for its employees and operations."
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