NEW YORK CITY—Financial technology firm Broadway Technology is shifting its headquarters to larger space at 28 Liberty St. in Lower Manhattan.
The company, founded in 2003 and recently infused with a $42-million capital investment to help foster its growth, has leased 25,000 square feet of space on the 50th floor of 28 Liberty, a 60-story, 2.2-million-square-foot tower building.
Broadway Technology is scheduled to relocate this fall from 13,047 square feet at 140 Broadway. Savills Studley senior managing director Zev Holzman, executive managing director Paul Revson and assistant director Brian Scharfman represented Broadway Technology in the long-term lease transaction. Building owner Fosun was represented by Tom Costanzo in house, as well as John Wheeler and Michael Berman of JLL.
Fosun has launched a comprehensive repositioning of 28 Liberty St. and its historic plaza that includes the creation of 200,000 square feet of retail space. Fosun purchased the former One Chase Manhattan Plaza for $725 million in 2013 and rebranded the property as 28 Liberty in early 2015.
“After an exhaustive search throughout Lower Manhattan and Midtown South, relocating to 28 Liberty proved to be the ideal solution for Broadway Technology,” says Savills Studley's Holzman. “It gives the company the opportunity to grow in a top-tier downtown asset while remaining in proximity to its client base in the Financial District. Designing its own space allows the company to create a unique brand and aesthetic that it can replicate at its offices around the globe.”
“We are delighted to make 28 Liberty the new home for our New York team as we begin the next phase of Broadway's growth,” says Broadway Technology CEO Tyler Moeller. “The views from the 50th floor are incredible and 25,000 square feet is ample room to build an enjoyable, productive environment for our team to create the next generation of Broadway products.”
The company also has locations in Austin, TX, London and Kitchener, Ontario. Founded in 2003, Broadway provides mission-critical trading solutions for top global, regional, and national banks, brokers, and hedge funds.
In May of this year, Broadway Technology closed a $42-million minority investment led by New York City-based Long Ridge Equity Partners. Company officials said the financing will help accelerate Broadway's growth into new global markets and allow the company to further expand its product and service offerings.
The company, founded in 2003 and recently infused with a $42-million capital investment to help foster its growth, has leased 25,000 square feet of space on the 50th floor of 28 Liberty, a 60-story, 2.2-million-square-foot tower building.
Broadway Technology is scheduled to relocate this fall from 13,047 square feet at 140 Broadway. Savills Studley senior managing director Zev Holzman, executive managing director Paul Revson and assistant director Brian Scharfman represented Broadway Technology in the long-term lease transaction. Building owner Fosun was represented by Tom Costanzo in house, as well as John Wheeler and Michael Berman of JLL.
Fosun has launched a comprehensive repositioning of 28 Liberty St. and its historic plaza that includes the creation of 200,000 square feet of retail space. Fosun purchased the former One Chase Manhattan Plaza for $725 million in 2013 and rebranded the property as 28 Liberty in early 2015.
“After an exhaustive search throughout Lower Manhattan and Midtown South, relocating to 28 Liberty proved to be the ideal solution for Broadway Technology,” says Savills Studley's Holzman. “It gives the company the opportunity to grow in a top-tier downtown asset while remaining in proximity to its client base in the Financial District. Designing its own space allows the company to create a unique brand and aesthetic that it can replicate at its offices around the globe.”
“We are delighted to make 28 Liberty the new home for our
The company also has locations in Austin, TX, London and Kitchener, Ontario. Founded in 2003, Broadway provides mission-critical trading solutions for top global, regional, and national banks, brokers, and hedge funds.
In May of this year, Broadway Technology closed a $42-million minority investment led by
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