X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-A historic downtown loft building will be the new home of video game manufacturer Take-Two Interactive Software Inc. The firm is the maker of the immensely popular “Grand Theft Auto” game. Take-Two has signed a 10-year lease for the fourth, fifth and sixth floors at 622 Broadway and will use the space as its new corporate headquarters. The six-story loft building is located between Houston Houston and Bleecker streets.

Building owner Yuco Real Estate was represented in the transaction by Robert A. B. Baraf, Benjamin Friedland and Glenn Isaacson of Insignia/ISG Inc. and Gary S. Friedman of Kaufman Friedman Plotnicki & Grun LLP. Barry Gosin and John Lizzul of Newmark & Co. Real Estate Inc. and Lloyd Shor of Blank Rome Tenzer Greenblatt LLP acted on behalf of Take-Two.

“There were two highly qualified tenants that wanted the space, both represented by top quality brokers, and it was a difficult decision,” says Baraf, executive managing director. “Ultimately, our team crafted a 10-year, mid-$30s-per-sf deal–highly unusual in this market but a price tag worthy of the space the tenant will be occupying. Yuco Real Estate’s top-notch building upgrades have fashioned 622 Broadway into a premier Midtown South office address.”

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.