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DBRS Takes Down Floor at 140 Broadway

NEW YORK CITY-With the 25,146-sf lease at the Financial District property, the firm is relocating from 55 Broadway. The deal carries a 10-year, 10-month term.

By Melissa Kress | Updated on November 28, 2006

NEW YORK CITY-Dominion Bond Ratings Service is moving from its home at 55 Broadway to another Downtown property, 140 Broadway. The 25,146-sf lease calls for the company to occupy the entire 35th floor of the office asset.

The deal carries a 10-year, 10-month term. Leon Manoff, executive managing director, and Jared Freede, associate, of GVA Williams, along with Brent Zylberberg of GVA Devencore repped DBRS. “140 Broadway satisfied all of DBRS’ needs,” Manoff says. “The agency required single-floor occupancy in a first class building centrally located within Downtown.”

Cushman & Wakefield’s Robert Constable, executive director, and Louis D’Avanzo, executive director, brokered the lease for the landlord, Deutsche Immobilien Fonds AG, part of the Union Investment Group of the Volks-und Raiffeisenbank Association. “DBRS is perfect fit for one of the Downtown’s premier assets, and will fit nicely into the mix of leading financial and legal services firms that currently occupy the building,” Constable says.

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