NEW YORK CITY-Construction Management firm Builders Group has given up its 1 Wall Street Court space for two full floors at 115 Broadway. The five-year lease gives the growing company 38,000 sf on the building’s 16th and 18th floors.

An Insignia/ESG team led by Snezana Anderson represented Builders Group. Jim Searl and Bernhard Weinstabel also worked on behalf of the tenant. Insignia brokers Adam Foster, Brad Gerla and Jerry Friedman negotiated for building owner Capital Properties. Terms of the deal were not disclosed.

Anderson tells GlobeSt.com that Builders Group had stretched its Wall Street Court space to the limit. “They grew out of their space,” she says. “They were on five floors and it was really inconvenient to grow on any more floors in that building.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.