A JEMB source tells GlobeSt.com that they are going to be located on part of the 8th floor and will occupy approximately 9,180 sf.
A Passlogix source tells GlobeSt.com that asking rent was $45, but they cannot disclose taking rent or aggregate lease value. Brokers were Wes Rudes from Murray Hill Properties for Passlogix and Frank Cento and Michael Mckenna of Cushman & Wakefield for the landlord. The source says that the attraction of the property versus 160 Pearl St. was the 24-hour security, onsite management, maintenance and services, class quality suitable for executive briefings, and "reliable telecom and power in the building." Passlogix previously occupied 8,000 sf on two floors at 160 Pearl St.
Passlogix's new location, next to the world headquarters of Goldman Sachs and the New York Stock Exchange, will provide the additional space, state-of-the-art telecom and security systems, and improved amenities required to support the company's ongoing growth. The company has experienced 60% compounded annual growth over the past four years, opened a second New York office in Long Island, and established offices in London, Singapore, Hong Kong and Beijing in the last three years alone.
According to a Passlogix statement, "that growth has been fueled by broad market adoption of Passlogix's enterprise single sign-on platform by organizations that need to control password overload, increase information security, and comply with regulatory mandates related to information management."
Passlogix CEO and president Marc Boroditsky says in a prepared statement that "JEMB Realty tailored 75 Broad St. to meet the unique needs of high growth technology companies like ours. These new offices will give us a world-class global headquarters with the space, technology infrastructure and upgraded facilities to fit our expanding business requirements."
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
