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
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Michael Fulfree and Bianca D’Alessio of Nest Seekers International (Nest Seekers)
They can sell the Hamptons. But can they sell “Selling the Hamptons”?
They can sell the Hamptons. But can they sell “Selling the Hamptons”?
(iStock/Illustration by Kevin Rebong for The Real Deal)
NYC investment sales hit multi-year peak to end 2021
NYC investment sales hit multi-year peak to end 2021
TRD EDU
Stay atop the market (and ahead of your competition) with TRD EDU
Stay atop the market (and ahead of your competition) with TRD EDU
Tax assessments rise 9%, signaling higher bills for landlords
Tax assessments rise 9%, signaling higher bills for landlords
Tax assessments rise 9%, signaling higher bills for landlords
Regal at 106 Court Street (Downtown Brooklyn Partnership)
Regal theater on Downtown Brooklyn’s Court Street unexpectedly shuttered
Regal theater on Downtown Brooklyn’s Court Street unexpectedly shuttered
arrow_forward_ios

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

Loading...