X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-CRESA Partners negotiates 10-year lease for Horizon Engineering Associates LLP in move from uptown. CRESA Partners negotiated the 10-year, 9,600-sf lease for the mechanical and electrical engineering firm at 30 Broad St. No dollar amount was give; however, rents in the building typically range from the mid- to high-$20s per sf. According to CRESA associates Garett Varricchio, the firm decided to make the move from 1250 Broadway because of its recent growth–approximately double in size in the past few year–and because of the government’s efforts to revitalize the area.

Varricchio and Michael Smith, senior vice president of CRESA, negotiated the deal. Wes Rudes and Richard Doolittle represented the building’s owner, Murray Hill Properties.

All total, 30 Broad St. has 49 floors and the floor sizes range from 5,000 sf to 14,000 sf. The building features renovated elevators, individual floor-by-floor HVAC systems and directly metered electrical systems. Other office clients in the building include Maximus, the New York Stock Exchange, Wall Street Systems and Andover Brokerage. Retail clients include H & R Block and Subway.

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.