Trading up: Broadway Technology takes 25K sf at 28 Liberty

Financial trading firm recently closed $42M financing round

TRD New York /
Jun.June 14, 2017 10:30 AM

Fosun’s Erik Horvat and 28 Liberty Street (Credit: 28 Liberty)

Financial trading firm Broadway Technology is swapping out its offices in the Financial District for a larger space at Fosun International’s TRData LogoTINY 28 Liberty Street.

The company, which currently occupies 13,047 square feet at nearby 140 Broadway, will take 25,000 square feet on the 50th floor of 28 Liberty Street. The asking rent was $75 per square foot, the New York Post reported.

Broadway Technology, founded by Joshua Walsky and Tyler Moeller in 2003, recently raised $42 million from Long Ridge Equity Partners. Savills Studley’s Zev Holzman, Paul Revson and Brian Scharfman represented Broadway Technology in deal.

Fosun was represented in-house by Tom Costanzo and JLL’s John Wheeler and Michael Berman.

Fosun, a Chinese conglomerate, bought 28 Liberty for $725 million in 2013 and has been overhauling the 2.2 million-square-foot building. Celebrity chef Danny Meyer is opening a new restaurant on the 60th floor and Alamo Drafthouse Cinema signed a lease for a 10-screen, 40,000-square-foot multiplex.

The New York State Attorney General’s office is taking 345,000 square feet at the building in a 15-year lease. [NYP]E.B. Solomont

(To view more of Fosun International’s office leasing transactions, click here)

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