Signature Bank Expands Lease at 1400 Broadway
The commercial bank has increased its footprint at the property for a third time to now total 313,109 square feet of leased space.
NEW YORK, NY – New York-based full service commercial bank, Signature Bank has expanded its lease by 32,927 square feet with Empire State Realty Trust Inc. at 1400 Broadway in Manhattan.
The bank now leases a total of 313,109 square feet, encompassing 11 full floors, at 1400 Broadway, under a long-term agreement.
The newly-leased space represents Signature Bank’s third expansion at the property. In January 2022, the bank expanded its footprint in the building by 168,310 square feet, to total more than 280,000 square feet of leased space at the time.
Situated along the Broadway Pedestrian Plaza, 1400 Broadway offers a tenants-only lounge, a new assembly space, lower rents and energy efficient and indoor environmental quality features, such as MERV 13 filters and active bi-polar ionization.
“ESRT continues to benefit from the market flight to quality,” says Thomas P. Durels, EVP of real estate at Empire State Realty Trust. “Signature, a top financial institution, understands ESRT is an industry leader in energy efficiency, indoor environmental quality, and healthy buildings and has taken advantage of our value proposition at 1400 Broadway.”
Colliers International’s Michael Cohen, Andrew Roos and Howard Kaplowitz represented Signature Bank in the lease negotiations. Newmark’s Scott Klau, Erik Harris and Neil Rubin, along with Empire State Realty Trust’s Ryan Kass, represented the property owner.