Fitch Ratings Takes 66,256 SF at Broad Financial

NEW YORK CITY-In an expansion move, financial rating firm Fitch Ratings has inked an 11-year, 66,256-sf lease at Broad Financial Center in Lower Manhattan. The financial terms of the transaction were not released, however other space in Broad Financial is currently leasing for $45 per sf. Fitch, which is headquartered nearby in 160,000 sf at 1 State Street Plaza, wanted the space for expansion purposes.

“When we recognized our need to expand, we found that the close proximity of Broad Financial Center to our headquarters as well as the open floor plates and state-of-the-art technological infrastructure at the property ideally suited our requirements,” explains Fitch CFO David Kennedy.

The CB Richard Ellis team of Edward Goldman, executive vice president, Stacey Fabrikant, first vice president and Howard Bressler, vice president, negotiated on behalf of the building ownership, Broad Financial Center LLC. Mitchell Barnett, executive director, and Curtis Brown, associate director, of Cushman and Wakefield repped Fitch.