New York State is in “advanced discussions” to renew its lease at 60 Broad Street, landlord Piedmont Office Realty Trust said in a filing with the Securities and Exchange Commission.
The State currently occupies nearly 481,000 square feet under a lease expiring in the first quarter of 2019. According to Piedmont, a new long-term deal could come with a “potential modest square footage contraction.”
Other tenants in the 1.03-million-square-foot tower include co-working company Bond Collective. The German stock exchange Deutsche Börse recently decided to leave the building for the Durst Organization’s 1155 Sixth Avenue.
The State has been a tenant since 1997. Piedmont bought the building in 2003 for $213.6 million, property records show.