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City, State Renew 800,000 SF Downtown

NEW YORK CITY-Piedmont Realty Trust secured government agency renewals for 793,730 square feet at its 60 Broad St. office tower.

By Paul Bubny | Updated on January 11, 2010

NEW YORK CITY-The city and state governments have renewed a total of nearly 800,000 square feet of office space at Piedmont Office Realty Trust’s 60 Broad St. The REIT announced that the City of New York has extended its 313,022 square-foot occupancy at 60 Broad, where it’s occupied 12 floors since 2000, until April 2020. A few days earlier, the state restructured its 480,708-square-foot lease there.

According to a release from the Johns Creek, GA-based REIT, formerly known as Wells REIT, the State of New York has occupied space in the building since 1997 and will continue its tenancy at 60 Broad April 2019. The lease is comprised of five separate state agencies, and represents the largest tenant in the 984,000-square-foot property, with the city’s two agencies representing the second largest occupier at 60 Broad.

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