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NEW YORK CITY-Locally based Actimize has leased the entire 23,600-sf fifth floor at 1359 Broadway. The firm, which is currently headquartered at 1250 Broadway, will relocate in the fourth quarter of 2008.

Brian Waterman, executive vice president and principal of Newmark Knight Frank, the building’s managing and leasing agent, tells GlobeSt.com that average asking rents in the building range from $52 to $55 per sf, but he could not disclose aggregate lease values or taking rent at this time. “Actimize is exactly the kind of tenant that ownership had in mind nearly five years ago when the property joined the W&H portfolio and a $54-million, top-to-bottom capital improvements program was undertaken,” he says. “Thanks to the transformation that resulted, 1359 Broadway now offers a modernized class-A environment, along with every amenity that a thriving and prestigious business like Actimize might require.”

Waterman tells GlobeSt.com that it was this renovation, as well as the tenant profile of the building, that attracted Actimize. Michael Beyda of Benchmark Properties represented Actimize in the lease negotiations. Waterman along with Michael Frantz of NKF represented the landlord.

Part of the W&H Properties portfolio, 1359 Broadway is owned by Marlboro Building Associates LLC, a partnership led by Peter L. Malkin. Located in the heart of the Penn Plaza/Fashion District at 36th Street, 1359 Broadway’s recently completed renovations program included a ceiling restoration; a new lobby; new windows; new restrooms; a new HVAC system; upgraded electrical systems; newer, faster elevator operating systems; new elevator cabs; and refurbished public corridors.

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