Princeton International Lands Lease Renewal in Manhattan

April 7, 2026

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A law firm will continue to occupy two floors at the property.

90 Broad Street in FiDi — Princeton International Properties purchased 90 Broad St. in 2014 from Swig Equities. *Image courtesy of JLL*

Sher Tremonte, a law firm specializing in commercial litigation, has renewed its 26,405-square-foot lease at Princeton International Properties’ 90 Broad St. in Manhattan’s Financial District. JLL represented the tenant in the 10-year extension.

The firm will continue to occupy the 22nd and 23rd floors of the 410,000-square-foot building. It first signed a lease at the property in 2017. Princeton International purchased the Manhattan asset in 2014 from Swig Equities for $128.6 million, according to Yardi Matrix. The owner received a $100 million loan in 2019 from Flagstar Bank, the same source shows.

Property amenities include conference areas, on-site management and 24/7 security. Floorplates range from 8,000 square feet to 19,000 square feet. Cross & Cross Architects designed the mid-rise office building, which was completed in 1932. There is also restaurant and retail space available.

The property is 80 percent occupied. The tenant roster includes Poets & Writers, Integral Consulting and New Music USA, according to Yardi Matrix. Other tenants listed as Kepler Cannon and Bloch & White. 90 Broad St. is close to Battery Park, the Statue of Liberty Lookout and the Museum of Jewish Heritage. Public transit options include the Staten Island Ferry as well as the Bowling Green, Broad Street and Wall Street subway stations.

In the agreement, JLL’s Executive Vice President Seth Hecht represented Sher Tremonte, while Princeton International Properties was represented in house by Senior Vice President Josh Turman and by Cushman & Wakefield’s Senior Director Jon Fein.

Leasing activity continues across Manhattan office market

Sher Tremonte’s renewal reflects a shift in broader leasing activity in the Financial District, where tenants have continued to renew or expand their office footprints. Nearby, at 55 Water Street, New Water Street Corp. saw similar tenant activity with GFI Group doubling its space at the office tower. The company expanded from 63,756 square feet to 128,749 square feet, with the signing of the largest direct leasing deal the Financial District had seen since 2023.

Clear Street also signed a long-term lease extension at Silverstein Properties‘ 4 World Trade Center last July. The company occupies 88,000 square feet across the 45th and 46th floors of the tower. Clear Street first signed at the property in 2021 through a sublease on the 45th floor before transitioning to a direct lease in 2023.

Last month, BXP saw a tenant expansion at its Midtown tower with Optiver. The company added 92,000 square feet to its lease totaling 115,000 square feet at 360 Park Ave. S. The property has an average lease term of 11.4 years.

Manhattan remains the nation’s strongest office market performer across multiple key metrics, according to the latest Yardi Matrix report. The average price per square foot was $498 as of December 2025, research shows. Investor activity totaled $7.8 billion in sales last year, up from 2024’s $4.1 billion. Vacancy clocked in at 13.6 percent at the end of 2025, below the national average of 18.4 percent.