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Los Angeles-based actual property and infrastructure proprietor, operator, lender and developer CIM Group not too long ago introduced the execution of two new workplace house leases at its 1440 Broadway property in Midtown Manhattan: The owner signed a complete of 70,000 sq. toes of Manhattan office space for rent to Land’n Sea and CNY Group.

Particularly, New York Metropolis development and growth companies agency CNY Group has agreed to a 34,025-square-foot workplace house on the property. The leased house is positioned on the fourth ground and can function the corporate’s headquarters. Land’n Sea took a similarly-sized office lease on the third ground of the constructing. The transactions had been dealt with by a partnership between CIM Group’s in-house leasing group and CBRE. No additional transaction particulars had been included within the announcement.

Situated between Manhattan’s Bryant Park and Occasions Sq., 1440 Broadway anchors the nook of Broadway and fortieth Road. The constructing was initially accomplished in 1924 and underwent an entire renovation in 2001, in addition to a beauty renovation in 2018. Furthermore, the property only recently accomplished a capital enchancment program, which included a notable renovation of the fortieth Road entrance to create a contemporary, spacious and brightly lit foyer, in addition to the addition of a rooftop deck with views of close by Bryant Park, Occasions Sq. and the Hudson River.

The 756,732-square-foot business property is LEED Gold-certified and encompasses roughly 733,000 sq. toes of Midtown Manhattan office space, along with 24,000 sq. toes of retail that advantages from the placement’s main road publicity alongside the favored Broadway thoroughfare. Tenants within the constructing get pleasure from entry to premium facilities, together with a tenant lounge, greater than 21,000 sq. toes of outside terraces and best-in-class digital connectivity that has earned it a WiredScore Gold certification.

“1440 Broadway gives lots of the most sought-after options for companies making location selections at present, resembling an expansive outside rooftop widespread space, personal outside terraces with many suites and huge flooring to create ethereal workspaces,” mentioned Co-Founder and Principal of CIM Group, Shaul Kuba. “Additional, Bryant Park is inside a simple stroll, permitting tenants at 1440 Broadway to benefit from this interesting gathering spot.”

Nook view of the workplace constructing at 1440 Broadway in Midtown Manhattan, New York. Property picture courtesy of CommercialEdge.

Final modified: February 21, 2022

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