Capital Properties adds ad agency Gyro at 115 Broadway

Port Authority moving out, business-to-business firm moving in

115 Broadway and Keith Ellis
115 Broadway and Keith Ellis

Business-to-business advertising agency Gyro signed a lease for more than 22,300 square feet at Capital Properties’ 115 Broadway in Lower Manhattan.

The firm will relocate its headquarters at 31 West 27th Street in Chelsea to the 14th floor of The Landmark Building Along Broadway. Savills Studley executive Keith Ellis represented Gyro, while a CBRE team including Adam Foster, Michael Rizzo, Sam Spillane and Brad Gerla represented Capital Properties.

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“It will combine the legacy of its Gothic architecture with state-of-the-art technology and seamless connectivity,” Gyro’s Keith Turco told the New York Post. “This offers our growing advertising agency a chance to keep embracing change.”

The Port Authority of New York and New Jersey plans to vacate 115 Broadway by 2016 in its long-planned relocation to 4 World Trade Center. As of July, roughly 145,000 square feet at the property was on the market. [NYP]Mark Maurer