Subtenant SecondMarket was represented by Jim Wenk, senior vice president, with Jones Lang LaSalle's New York office. Sublandlord Broadridge Financial Solutions was represented by Stephen Chasanoff with GVA Williams.
Wenk tells GlobeSt.com that the tenant is relocating to accommodate its "rapid growth." The firm, which has nearly 50 employees, will quadruple its space in the new headquarter move. The tenant is relocating to the property from its existing premises at 17 Battery Place and will occupy a portion of the 12th floor of the building.
Wenk notes that the building is currently 96% leased, but about 85% occupied. Asking rent was $50 per sf on a direct basis, but Wenk could not provide the aggregate lease value or taking rent at this time. "The sublease at 26 Broadway was an ideal solution to allow for growth while not locking the firm into a long-term lease."
The 26 Broadway building, once headquarters for Standard Oil Co. and John D. Rockefeller, is owned by Broadway 26 Waterview LLC, and is located between Beaver Street and Exchange Place. Neighboring tenants at the building include Bank of America Securities, Gleason & Mathews, Kenny & Stearns, Schlam, Stone & Dolan, Donohue & Donohue, Ferrex International Inc., Janney Montgomery Scott LLC, NYS Court of Claims and the Modern Language Association.
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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.
