"Leasing activity is on the upswing in Lower Manhattan, particularly at buildings with a strong technology infrastructure," states Bill Rudin, president of Rudin Management Co., the operating arm of the Rudin Family holdings, which owns and developed the the New York Information Technology Center. He says that the technology advanced 30-story, 400,000-sf tower is now over 95% leased.
A Rudin spokesman says having buildings with a strong technology infrastructure will be very important for the downtown area, adding that the downtown market has inherent qualities that appeal to certain tenants requiring such amenities.
Professional Access Ltd., an international service provider in the fields of information technology and management, has leased 10,105 sf of space at Broad Street in Lower Manhattan. The company, which is part of an international conglomerate with operations in North America, Asia and Europe, was represented in the long-term lease transaction by Burt Miller of Murray Hill Properties.
In other leases consummated in the same building, Vladik Porter of A & I Broadway Realty represented Dynamo Development (1,461 sf) and A.R. Publishing Company (1,269 sf) while Michael Forrest of CH Commercial Real Estate Group negotiated on behalf of Moors and Cabot Inc. (1,962 sf) and Educational Networks (1,071 sf).
NYITC offers satellite accessibility, single and multi-mode fiber optics, high speed category five cooper wire and a wide range of video conferencing and Internet access options and capabilities. It also features a complete state-of-the-art work environment.
At nearby 110 Wall St., another Rudin property, Wall Street Networks, represented by Richard Gottlieb of Hunter Realty, leased 4,544 sf of office space while Earl David signed on for 784 sf.
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