Signature Bank leases three floors at 1400 Broadway/ photo: Google Maps

NEW YORK CITY—Signature Bank is moving into three floors at Empire State Realty Trust's office tower at 1400 Broadway. The property is located in the increasingly popular area of Midtown and the Garment District, between W. 38th and W. 39th streets. The New York Post first reported on the New York-based bank's lease terms. An Empire State spokesperson tells GlobeSt.com that the lease is for 15 years, confirming that the asking rent was $64 per square foot for the 35,893 square-foot sixth and seventh floors and $67 per square foot for the 19,394 square-foot 27th floor.

The spokesperson says the bank will move into the new space in the first half of 2019. It will join other tenants including Uber, the immigration law firm Fragomen, Del Rey, Bernsen & Loewy and Interpublic Group of Companies.

Thomas P. Durels, EVP, real estate for Empire State, notes that the building which was originally constructed in 1930, has been fully modernized with a newly expanded lobby. “With four full floors that we are currently marketing, 1400 is one of our most active buildings,” he says.