Thornton Tomasetti has engineered a Financial District headquarters of itself.
The engineering company signed a roughly 102,000-square-foot lease for 15 years at Silverstein Properties’ 120 Broadway, the former Equitable Building, according to the Commercial Observer.
Financial terms of the deal were not disclosed but the Observer reported that asking rents at the building ranged from $62 to $74 per square foot.
Thornton Tomasetti’s 400-person team has been spread between two offices at 51 Madison Avenue and 40 Wall Street since 2015. The Broadway address will become its consolidated headquarters. The firm will occupy the 15th and 16th floors in the 40-story building.
The company is expected to move in by the end of 2020.
Silverstein completed a $50 million renovation at the landmarked office tower that included opening a rooftop restaurant and bar, Banker’s Club.
The move comes months after Thornton Tomasetti tapped two new chief executives amid a broader reorganization. Co-CEOs Peter DiMaggio and Michael Squarzini assumed their positions this month. [CO] — Erin Hudson