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    Broadway Partners

    1 Pennsylvania Plaza #4625
    New York, NY 10119
    (212) 810-4900
    Website
    [email protected]

    Broadway Partners is privately-held real estate investment and management firm founded in 1999 by Scott Lawlor and headquartered in New York City. It made its first New York investment in 2006, a $216 million acquisition of 660 Madison Avenue, home of upscale department store Barneys New York. In the boom years in the run up to the global financial crisis, Broadway Partners made a series of acquisitions, of 237 Park Avenue, 100 Wall Street, 340 Madison Avenue, and 280 Park Avenue. When credit conditions tightened and New York property prices fell, Broadway defaulted on short-term loans for several properties. The firm was forced to sell properties, which by this time had lost tremendous value. Broadway Partners managed to hold on to a pared-down portfolio. TA

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    • Event Sales
    • Address 6661 Broadway
    • Neighborhood Riverdale
    • Borough Bronx
    • Square feet 4,750
    • Price $ 1,475,000
    notes
    The single-story retail center was sold for $1.47 million.
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    • Event Office Leasing
    • Address 1 Penn Plaza
    • Neighborhood Penn Plaza
    • Borough Manhattan
    • Square feet 13,575
    • Publication Date 11/01/2011
    • Event Date 09/22/2011
    • Party 1 Broadway Partners
    • Party 1 Brokerage Newmark Grubb Knight Frank
    • Party 1 Broker Kyle Ciminelli, David Falk, Peter Shimkin
    • Party 2 SECOR Asset Management
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Joe Cirone
    notes
    The asset management firm subleased space.
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    • Event Financing
    • Address 340 Madison Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 750,000
    notes
    A $315 million loan was arranged at a 12-year fixed rate to refinance the property. 22-story office building.
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    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 17,320
    notes
    The private equity firm signed an expansion lease for the 22nd floor. The company already occupies the entire 23rd floor.
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    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 8,660
    notes
    The private bank and wealth management firm signed a 10-year lease to relocate to the entire 29th floor from a smaller space on the second floor.
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    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 8,660
    notes
    The venture firm signed a lease for the entire 26th floor. The tenant is relocating from 750 Third Avenue.
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    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 8,600
    • Price per foot $ 85.00
    notes
    The bank signed a 10-year lease on the 35th floor.
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    • Event Sales
    • Address 340 Madison Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 35,625
    • Price $ 570,000,000
    • Price per foot $ 16,000.00
    notes
    The building went into contract for around $570 million, or $760 per square foot. Broadway Partners purchased the property in 2006 for about $590 million.
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    • Event Office Leasing
    • Address 450 West 33rd Street
    • Neighborhood Hudson Yards
    • Borough Manhattan
    • Square feet 25,000
    notes
    The footwear importing company signed an eight-year lease renewal for part of the ninth floor.
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    • Event Office Leasing
    • Address 340 Madison Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 11,119
    notes
    The social networking site inked a three-year lease to relocate its New York sales team. The tenant is moving to the Broadway Partners-owned building from 551 Fifth Avenue.
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    • Event Retail Leasing
    • Address 450 West 33rd Street
    • Neighborhood Penn Plaza
    • Borough Manhattan
    • Square feet 15,000
    • Publication Date 04/01/2009
    • Event Date 02/20/2009
    • Party 1 Broadway Partners
    • Party 1 Brokerage RKF
    • Party 1 Broker John Harding
    • Party 2 Tour De France Group
    • Party 2 Brokerage KGW Associates
    • Party 2 Broker Fred Klein
    notes
    Restaurateur Simon Oren signed a long-term lease to open a multilevel restaurant and bar at the base of the office building. The reported asking rent was $50 per square foot.
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    • Event Office Leasing
    • Address 340 Madison Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 11,113
    notes
    The financial services firm signed a lease.
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    • Event Office Leasing
    • Address 340 Madison Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 99,504
    • Price per foot $ 80.00
    notes
    The U.S. federal agency renewed its existing lease and took additional space.
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    • Event Office Leasing
    • Address 340 Madison Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 13,328
    notes
    The Portuguese bank signed a lease.
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    • Event Office Leasing
    • Address 340 Madison Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 4,115
    notes
    The investment firm signed a lease.
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    • Event Office Leasing
    • Building Name West Building
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 20,200
    • Publication Date 06/01/2008
    • Event Date 04/22/2008
    • Party 1 Broadway Partners
    • Party 1 Brokerage CBRE
    • Party 1 Broker Peter Turchin, Paul Amrich
    • Party 2 Viking Global Investors
    • Party 2 Brokerage Cushman & Wakefield
    • Party 2 Broker Michael Burgio, Michael Gambino
    notes
    The hedge fund inked a 10-year expansion lease for the entire 33rd floor. The company currently occupies a 14,000-square-foot space on the 35th floor.
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    • Event Office Leasing
    • Address 340 Madison Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 40,000
    notes
    The bank inked a lease for the 11th floor. The tenant is consolidating its offices at 450 Park Avenue and 70 East 55th Street.
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    • Event Office Leasing
    • Address 340 Madison Avenue
    • Neighborhood Central Park South
    • Borough Manhattan
    • Square feet 120,000
    notes
    The technology company signed an 11-year lease. The reported asking rent at the property is $80 per square foot. The building is now nearly 80 percent occupied.
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    • Event Office Leasing
    • Address 340 Madison Avenue
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 4,580
    notes
    The document analysis and risk management services provider to the legal industry signed a seven-year, 10-month lease for the entire second floor of the 22-story Class A building. The reported asking rent was $80 per square foot.
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    • Event Sales
    • Address 660 Madison Avenue
    • Neighborhood Lenox Hill
    • Borough Manhattan
    • Square feet 254,474
    • Price $ 375,000,000
    • Price per foot $ 1,473.63
    • Publication Date 11/01/2007
    • Event Date 09/22/2007
    • Party 1 Broadway Partners
    • Party 2 Etoile 660 Madison LLC
    notes
    The building sold for $375 million, or more than $1,470 per square foot. The seller originally purchased the property, its first Manhattan acquisition, for $216 million in May 2006. Tenants include the Corcoran Group.
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    • Event Office Leasing
    • Address 340 Madison Avenue
    • Neighborhood Central Park South
    • Borough Manhattan
    • Square feet 99,485
    notes
    The national network of financial advisors inked a lease for the entire 19th, 20th and 21st floors. The reported asking rent was $90 per square foot.
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    • Event Sales
    • Address 450 West 33rd Street
    • Neighborhood Hudson Yards
    • Borough Manhattan
    • Square feet 1,600,000
    • Price $ 664,000,000
    • Price per foot $ 415.00
    notes
    The home of the New York Daily News sold for $664 million, or $415 per square foot.
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    • Event Sales
    • Address 100 Wall Street
    • Neighborhood Seaport
    • Borough Manhattan
    • Square feet 466,000
    • Price $ 175,000,000
    • Price per foot $ 375.54
    notes
    Broadway is in contract to purchase the 466,000 sf Class A office tower for $175 million. The seller had acquired the building for $134 million from Reckson Associates Realty Corp. in February 2006.
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    • Event Sales
    • Address 237 Park Avenue
    • Neighborhood Grand Central
    • Borough Manhattan
    • Square feet 1,160,000
    • Price $ 1,180,000,000
    • Price per foot $ 1,017.24
    notes
    The building sold for $1.18 billion, or approximately $1,000 per square foot, as part of a national $5 billion, 24-building portfolio buy.
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    • Event Sales
    • Address 280 Park Avenue
    • Neighborhood Plaza District
    • Borough Manhattan
    • Square feet 1,200,000
    • Price $ 1,200,000,000
    • Price per foot $ 1,000.00
    • Publication Date 05/01/2007
    • Event Date 03/22/2007
    • Party 1 Istithmar
    • Party 2 Broadway Partners
    notes
    The two connected buildings sold for a little more than $1.2 billion. Istithmar bought the property in June 2006 for $1.2 billion.
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