Broadpoint Gleacher signs lease at 1290 Avenue of the Americas

Broadpoint Gleacher Securities Group has signed a 15-year lease on 75,000 square feet at 1290 Avenue of the Americas at 51st Street, owned by Vornado Realty Trust, and is looking to expand beyond that space in the future. The asking rent was between $50 and $60 per square foot. In the new location, the financial services firm will have a trading floor that will be connected to its office functions on the floor below by a central reception area. The group will sublease its current office space at One Penn Plaza at 49th Street and Madison Avenue.