{"id":1004115308,"date":"2015-03-12T07:05:14","date_gmt":"2015-03-12T15:05:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004115308"},"modified":"2022-12-04T00:15:18","modified_gmt":"2022-12-04T08:15:18","slug":"ondeck-expands-its-space-at-esrts-1400-broadway","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ondeck-expands-its-space-at-esrts-1400-broadway\/","title":{"rendered":"OnDeck Expands its Space at ESRT\u2019s 1400 Broadway"},"content":{"rendered":"<p><i>By Gail Kalinoski, Contributing Editor<\/i><\/p>\n<div id=\"attachment_1004115310\" style=\"width: 121px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/thomas-p-durels-thumb.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004115310\" data-attachment-id=\"1004115310\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ondeck-expands-its-space-at-esrts-1400-broadway\/thomas-p-durels-thumb\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/thomas-p-durels-thumb.jpg\" data-orig-size=\"111,101\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"thomas-p-durels-thumb\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Thomas Durels&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/thomas-p-durels-thumb.jpg?w=111\" class=\"size-full wp-image-1004115310\" alt=\"Thomas Durels\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/thomas-p-durels-thumb.jpg\" width=\"111\" height=\"101\" \/><\/a><p id=\"caption-attachment-1004115310\" class=\"wp-caption-text\">Thomas Durels, ESRT<\/p><\/div>\n<p>OnDeck Capital, Inc., a tenant at Empire State Realty Trust, Inc.\u2019s 1400 Broadway in the hot Times Square South submarket of Manhattan has grown for the second time, adding 79,000 square feet of space to become one of the building\u2019s largest tenants with about 117,000 square feet.<\/p>\n<p>The online lender for small businesses has had its headquarters at 1400 Broadway since 2012, when it leased about 21,000 square feet. With the expansion, OnDeck will be occupying 4 \u00bd floors of the 37-story, 908,237-square-foot building.<\/p>\n<p>\u201cWe are delighted that our existing relationship with OnDeck gave us the opportunity to accommodate their significant expansion at 1400 Broadway,\u201d Thomas Durels, ESRT\u2019s executive vice president, director of leasing and operations, said in a news release.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/1400Broadway_retouch_resized1.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004115312\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ondeck-expands-its-space-at-esrts-1400-broadway\/1400broadway_retouch_resized1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/1400Broadway_retouch_resized1.jpg\" data-orig-size=\"512,800\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"1400 Broadway_retouch_resized1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/1400Broadway_retouch_resized1.jpg?w=512\" class=\"alignleft size-medium wp-image-1004115312\" alt=\"1400Broadway_retouch_resized1\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/1400Broadway_retouch_resized1.jpg\" width=\"192\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/1400Broadway_retouch_resized1.jpg 512w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/1400Broadway_retouch_resized1.jpg?resize=192,300 192w\" sizes=\"auto, (max-width: 192px) 100vw, 192px\" \/><\/a>Paul Ippolito of Newmark Grubb Knight Frank represented OnDeck in the negations. The landlord was represented by Keith Cody of ESRT, along with Scott Klau, Erik Harris and Neil Rubin, all of Newmark Grubb Knight Frank.<\/p>\n<p>Durels told <i>Commercial Property Executive<\/i> that OnDeck joins Kohl\u2019s, which has its New York headquarters there, and The Interpublic Group of Companies, one of the world\u2019s leading organizations of advertising and marketing services companies, as the largest tenants in the building. Other tenants include VeriFone Systems, Hatch Mott MacDonald and corporate offices for Burlington Coat Factory.<\/p>\n<p>In recent years, the pre-war building in the city\u2019s former Garment District has been upgraded and transformed into a modern office building with high-tech and energy efficient building systems to attract corporate tenants. Durels said capital improvements included a redesigned lobby, new elevators and building fa\u00e7ade, including windows and roof, and renovated public spaces.<\/p>\n<p>Durels said similar upgrades have been made at the REIT\u2019s other Broadway corridor buildings \u2013 1333 Broadway, 1350 Broadway 1359 Broadway. In Manhattan, ESRT also owns the Empire State Building, 112 W. 34<sup>th<\/sup> St., 501 Seventh Ave., One Grand Central Place and 250 W. 57<sup>th<\/sup> St. In the Broadway corridor between 35<sup>th<\/sup> and 40<sup>th<\/sup> streets, Durels said ESRT is the dominant landlord, controlling about 2 million square feet of space.<\/p>\n<p>He said rents at 1400 Broadway range from $59 to $67 per square foot and have increased over the past 12 months. Durels said ESRT will be creating several full-floor availabilities over the next two years as older leases turn over. The REIT is currently marketing a 35,000-square-foot penthouse space that includes a 1,000-square-foot terrace at $67 per square foot.<\/p>\n<p>Times Square South has grown as a submarket in recent years as more corporate tenants displaced the Garment Center companies. The midtown location is convenient to Penn Station, Grand Central Station, the Port Authority Bus Terminal and several major subway lines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tenant OnDeck Capital Inc. has grown for the second time at 1400 Broadway in the hot Times Square South submarket of Manhattan.<\/p>\n","protected":false},"author":1068,"featured_media":1004115310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,11,21742,10,21747],"tags":[],"class_list":["post-1004115308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-midatlantic","category-latest","category-northeast","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>OnDeck Expands its Space at ESRT\u2019s 1400 Broadway - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ondeck-expands-its-space-at-esrts-1400-broadway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OnDeck Expands its Space at ESRT\u2019s 1400 Broadway\" \/>\n<meta property=\"og:description\" content=\"Tenant OnDeck Capital Inc. has grown for the second time at 1400 Broadway in the hot Times Square South submarket of Manhattan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ondeck-expands-its-space-at-esrts-1400-broadway\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-12T15:05:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T08:15:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/03\/thomas-p-durels-thumb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"111\" \/>\n\t<meta property=\"og:image:height\" content=\"101\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ondeck-expands-its-space-at-esrts-1400-broadway\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ondeck-expands-its-space-at-esrts-1400-broadway\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"OnDeck Expands its Space at ESRT\u2019s 1400 Broadway\",\"datePublished\":\"2015-03-12T15:05:14+00:00\",\"dateModified\":\"2022-12-04T08:15:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ondeck-expands-its-space-at-esrts-1400-broadway\\\/\"},\"wordCount\":447,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ondeck-expands-its-space-at-esrts-1400-broadway\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/thomas-p-durels-thumb.jpg\",\"articleSection\":[\"Brokerage\",\"Mid-Atlantic\",\"News\",\"Northeast\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ondeck-expands-its-space-at-esrts-1400-broadway\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ondeck-expands-its-space-at-esrts-1400-broadway\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ondeck-expands-its-space-at-esrts-1400-broadway\\\/\",\"name\":\"OnDeck Expands its Space at ESRT\u2019s 1400 Broadway - 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