Wellington Shields signs on for 10 more years at FiDi locale

New York /
Jan.January 31, 2014 05:15 PM

Financial services firm Wellington Shields has re-upped its lease for another ten years at 140 Broadway, where it has been based since 1997.

The firm’s 18,759-square-foot space is located on the 44th floor of the 51-story building, and the agreed-upon rent was reportedly $55 per square foot. Jason Schwartzenberg and Joseph Messina of Studley represented the tenant in the deal, while Robert Constable of Cushman & Wakefield represented the landlord, an LLC dubbed 140 Broadway, in-house.

“It was important to maintain the quality of the existing environment, and we found that the panoramic views, efficiency of the building, and overall economics of the lease at 140 Broadway couldn’t be matched,” Schwartzenberg told the New York Observer.

The 1.25 million-square-foot building was designed by Skidmore, Owings & Merrill in 1967 and is located between Liberty and Cedar streets in the Financial District. [NYO]Julie Strickland


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
City Council Majority Leader Laurie Cumbo and 840 Atlantic Avenue (Getty, Google Maps)
Atlantic Avenue project gets haircut — and is rejected anyway
Atlantic Avenue project gets haircut — and is rejected anyway
Opendoor CEO Eric Wu (iStock)
Opendoor revenue bounces back in Q1
Opendoor revenue bounces back in Q1
60 Guilders' Kevin Chisholm, Brookfield's Ric Clark and 12 Metrotech. (Brookfield, Chisholm ph: Larry Ford)
Brookfield to sell DoBro office condo for $130M
Brookfield to sell DoBro office condo for $130M
Joan Rivers and 1 East 62nd Street (Getty, Sotheby's)
Joan Rivers’ longtime UES penthouse hits the market for $38M
Joan Rivers’ longtime UES penthouse hits the market for $38M
Clockwise from top left: Scott Stringer, Maya Wiley, Raymond McGuire, Andrew Yang and Shaun Donovan (Getty)
What do Brooklyn homes cost? Don’t ask these candidates
What do Brooklyn homes cost? Don’t ask these candidates
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...