Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Along with ALM’s 90,000-sf lease at 120 Broadway as GlobeSt.com exclusively reported, Dealogic is taking 40,000 sf at the Silverstein property as well. The investment banking and technology company has added another 12,000 sf as part of a lease renewal that brings its total commitment in the landmark building to approximately 40,000 sf. With these two lease agreements, the historic office tower is virtually at full occupancy.

For the past 11 years, Dealogic has had its New York City headquarters on the 10th and 11th floors of 120 Broadway. The company has been experiencing consistent growth in both Manhattan and globally and expects to continue growing and expanding its operations going forward.

“The expansion at 120 Broadway is a long-term investment in the future of our firm and provides our staff with the first class facilities that will allow us to continue delivering the client support, content and software which make us the leading technology firm in the market in which we operate,” notes Tom Fleming, CEO of Dealogic, in a prepared statement. The company is consolidating its New York City office, which currently houses 173 employees. The new space provides room for expansion to 300 staff in the future.

Roger Silverstein of Silverstein Properties handled the negotiation of the lease agreement for Silverstein. Marc Shapses, executive managing director at Studley Inc., represented Dealogic. The company signed a 15-year lease to occupy nearly the entire eighth floor.

“Dealogic, which experienced three prior expansions within the building, was situated on two separate floors at 120 Broadway at the time of this fourth expansion,” Shapses explains. “Our mandate was to explore a variety of options for the client, namely relocating to other buildings and possibly even other areas of Manhattan. Being able to operate more efficiently was high on their list of ‘must haves.’ Ultimately, we determined that remaining at 120 Broadway by consolidating into 40,000 sf on one floor was the most cost effective and practical option.”

Silverstein Properties, owner of 120 Broadway, recently completed a $60-million renovation program for the structure, a 1.8-million-sf National Landmark building. Current tenants of 120 Broadway, also known as the Equitable Building, include the Attorney General of the State of New York; Alliance for Downtown New York; Spear Leeds & Kellogg; Emmet, Marvin and Martin; and the Securities Industry Association.

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

*May exclude premium content
Already have an account?



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 © 2021 ALM Media Properties, LLC. All Rights Reserved.