NEW YORK CITY— Solstice Residential Group has entered a lease for 11,047 square feet at 55 Broad Street in Manhattan's Financial District. Investment management firm Rudin Management Company owns the 30-story office tower, totaling 425,000 square feet and completed modern renovations to the property at the beginning of the year to attract tenants to the Class A property. Avison Young arranged the transaction.
Solstice, a residential real estate management firm focused on New York and Southern Florida, will occupy the full 26th floor under a 10-year lease. "We are pleased to have solidified a long-term lease that satisfies the terms and demands of this well-respected and growing real estate management firm," said Avison Young executive director Jamie Covello, in a prepared statement. Rudin executed a multi-million-dollar lobby renovation that Fogarty Finger designed. New lobby features include white marble interiors, textured terrazzo floors, ornamental marble and a reflective ceiling for greater natural light. The New York-based firm is planning a full replacement and modernization of the tower's elevators later this year.
"We are excited to welcome Solstice Residential Group to 55 Broad Street," said Michael Rudin, senior vice president at Rudin, in a prepared statement. "Solstice joins our other prestigious tenants at 55 Broad Street, a building with excellent visibility, a state-of-the-art lobby, and convenient proximity to Wall Street, the World Trade Center Transportation Hub, and the New York Harbor."
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
