"We're very pleased that they renewed," says Blanco, calling it "a real testimony" to the bank's affiliation with Downtown. "They're an international company, being out of China, and a terrific tenant. We're just absolutely delighted that they expressed their preference for the building," especially in what is increasingly seen as a tenant's market.

Comprising two full floors at 55 Broadway, also known as One Exchange Plaza, the lease renewal was signed in the high $50s per square foot, according to BSD. Representing BSD in lease negotiations were Blanco, managing director David Israni and associate Mona Huegel. Bank of Communications was represented by Doris Pokras, president of Project Vision Group, Inc.

In a release, Israni notes that 55 Broadway remains 95% leased, and attributes this to "our hands-on management style and willingness to work with our tenants." The company has reported success at the property with its pre-built and built-to-suit office programs. Currently, the pre-built program offers spaces that range from 3,000 to 10,370 square feet, and for terms as short as one year, according to a release.