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Builders Group Takes 38,000 SF at 115 Broadway

NEW YORK CITY-The growing construction management firm inks a five-year deal for two full floors at the recently restored Downtown property. The deal started out as a sublease but ended up as a direct transaction with building owner Capital Properties.

By Glen Thompson | Updated on July 30, 2002

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.”

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