Search
 

PBA Leases 39,000 SF Downtown

NEW YORK CITY-The largest union of the city's uniformed police will house its executive offices within Mack-Cali's share of 125 Broad St.

By Paul Bubny | Updated on December 02, 2009

NEW YORK CITY-The Patrolmen’s Benevolent Association of the City of New York has signed a new 15-year lease for 39,069 square feet at 125 Broad St. here. The largest union representing the city’s uniformed police officers, the PBA will house its executive offices within the commercial condominium owned by Mack-Cali Realty Corp. Its current offices are nearby at 40 Fulton St.

Terms were not disclosed; asking rents at comparable properties nearby are in the mid-$30s per square foot. The PBA was represented by a FirstService Williams team including vice chairman Mark Friedman and associate director Annie Yao, with legal representation provided by Christine McGuiness of Schiff Hardin LLP. Mack-Cali was represented by EVP Mark Ravesloot, SVP Scott Sloves, and first VP Lisa Cear, all of CB Richard Ellis.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.