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NEW YORK CITY-Online financial services group AB Watley inked a deal for 4,000 sf of sublease space on the 17th floor of 50 Broad St. The space was vacated by international shipping company Round-the-World Logistics Inc. The sublease term is three years.

Round-the-World chose to sublease the Downtown space after moving to its new headquarters near JFK Airport in May. NAI DG Hart arranged the transaction. To procure a subtenant, NAI DG Hart canvassed the immediate Downtown area and followed up with a marketing program. The brokers were soon contacted by AB Watley, which was occupying a temporary space in the office. That deal was about to expire.

“One of the best case scenarios is to find a tenant that is already in the building or neighboring one through active marketing,” says Stephen Dadourian, president of NAI DG Hart. Andrew Aspetti of NAI DG Hart represented Round-the-World and coordinated the transaction directly with the subtenant.

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