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Software Firm Takes 23,600 SF at 1359 Broadway

NEW YORK CITY-According to an industry source, Actimize was attracted to the renovation and tenant profile of the class A building.

By Natalie Dolce | Updated on May 22, 2008

NEW YORK CITY-Locally based Actimize has leased the entire 23,600-sf fifth floor at 1359 Broadway. The firm, which is currently headquartered at 1250 Broadway, will relocate in the fourth quarter of 2008.

Brian Waterman, executive vice president and principal of Newmark Knight Frank, the building’s managing and leasing agent, tells GlobeSt.com that average asking rents in the building range from $52 to $55 per sf, but he could not disclose aggregate lease values or taking rent at this time. “Actimize is exactly the kind of tenant that ownership had in mind nearly five years ago when the property joined the W&H portfolio and a $54-million, top-to-bottom capital improvements program was undertaken,” he says. “Thanks to the transformation that resulted, 1359 Broadway now offers a modernized class-A environment, along with every amenity that a thriving and prestigious business like Actimize might require.”

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