Medical practice doubles space at 150 Broadway

New York /
Aug.August 27, 2013 03:15 PM

A booming ear, nose and throat medical practice is expanding its Downtown office, located at JEMB Realty’s 150 Broadway.

ENT & Allergy Associates has signed on for approximately 6,000 square feet, a move that doubles the practice’s space on the 10th floor for 10 years. Asking rents in the 23-story building were in the $30s per square foot, according to Crain’s.

“This is a medical practice that has a large footprint across the city and really understands real estate,” Matthew Leon, a broker at Newmark Grubb Knight Frank who handled the lease for the tenant, told Crain’s. “They’re going to seamlessly renovate the new space they’re taking while they continue to occupy what they have.”

While Leon has served as the leasing agent for high-end buildings such as Carnegie Hall Tower at 152 West 57th Street, working with a medical practice is an unusual change of pace for the broker.

Daniel Mishael, an executive for the owner JEMB Realty, represented the owner in-house. [Crain’s]Julie Strickland


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