{"id":1004301878,"date":"2019-02-21T05:44:16","date_gmt":"2019-02-21T13:44:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004301878"},"modified":"2021-05-15T04:01:29","modified_gmt":"2021-05-15T12:01:29","slug":"transperfect-relocates-global-hq-to-manhattans-nomad-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transperfect-relocates-global-hq-to-manhattans-nomad-tower\/","title":{"rendered":"TransPerfect Relocates Global HQ to Manhattan\u2019s Nomad Tower"},"content":{"rendered":"
\"\"<\/a>

Nomad Tower, 1250 Broadway, Manhattan<\/p><\/div>\n

TransPerfect, the world\u2019s largest translation services and technology company, has signed a 15-year lease for 123,516 square feet of office space in Global Holdings Management Group\u2019s Nomad Tower at 1250 Broadway in Manhattan\u2019s Midtown South submarket.<\/p>\n

The firm, which will relocate from 3 Park Ave., will occupy five full floors, including the fourth through seventh floors and the 32nd<\/sup> floor for its global headquarters. It will also have a private ground-floor lobby and entrance at the 727,000-square-foot Class A tower that is undergoing a $50-plus million capital improvement and rebranding program. The asking rent was $77.60 per square foot, according to Yardi Matrix data.<\/p>\n

JLL, which was tapped by Global Holdings Management Group in February 2017 to handle leasing at the tower,<\/a> completed the transaction. Representing Nomad Tower from JLL were: Paul Glickman and Mitchell Konsker, vice chairmen; Benjamin Bass, managing director; Diana Biasotti, senior vice president; and Harley Dalton, vice president. Craig Panzirer, senior vice president & director of leasing, represented Global Holdings Management Group in-house. TransPerfect was represented by John Isaacs and Christopher Mansfield, executive vice presidents, and Peter Gamber, financial analyst with CBRE Group Inc., along with Rob Kulic with Real Broker LLC.<\/p>\n

\"Paul<\/a>

Paul Glickman, Vice Chairman, JLL<\/p><\/div>\n

\u201cNomad Tower is a market leading high-rise, glass and steel office tower located in one of New York\u2019s most vibrant neighborhoods,\u201d<\/em> Glickman said in a prepared statement. \u201cNomad Tower offers tenants unparalleled access to in-building amenities, including a two-story amphitheater with seating for almost 100 people, and a multi-faceted, tenant-only amenity lounge.\u201d<\/em><\/p>\n

TransPerfect is the second tenant to sign a major lease at the trophy tower since Global Holdings purchased the property in November 2016. Zillow Group leased 130,000 square feet in late 2018 at the building that is getting a new lobby due to open this quarter. The building also has a 150-vehicle indoor parking garage.<\/p>\n

Phil Shawe, TransPerfect president & CEO, said 800 of the firm\u2019s worldwide team of 5,000 employees works in New York City.<\/p>\n

\u201cTransPerfect\u2019s commitment to growing our business in New York City is steadfast and resolute. To support that growth, we needed to choose a location for our headquarters that would provide us the space we need now and also the opportunity for future growth,\u201d<\/em> Shawe said in a prepared statement. \u201cWe expect our staff will enjoy such benefits as close proximity to commuting options, having a centralized Midtown location from which to service clients, working in a trendy and up-and-coming neighborhood, and the buildings amenities, which fit well with our culture.\u201d<\/em><\/p>\n

Building details<\/strong><\/h2>\n

The 39-story tower was built in 1968 and designed by architects Shreve Lamb & Harmon. It is the tallest reinforced concrete building in Manhattan and has unobstructed, 360-degree views. The LEED Certified Gold building is also Energy Star certified and Wired Gold Certified, offering best-in-class broadband and fiber connectivity. Located within one block of Penn Station with access to the Long Island Railroad, Amtrak and NJ Transit, Nomad Tower is also a short walk to Grand Central Terminal and within two blocks of 12 subway lines. It also has direct access to the PATH lines.<\/p>\n

Global Holdings, run by Israeli billionaire Eyal Ofer, acquired the office tower from Jamestown<\/a> in November 2016 for $565 million. Located at the southeast corner of West 32nd<\/sup> Street, the glass-and-steel tower also has 8,000 square feet of ground-floor retail. It is the only trophy tower in the neighborhood and takes up the entire block of Broadway between 32nd<\/sup> and 31streets. The high-rise was nearly fully occupied upon the sale\u2019s closing, but its largest tenant at that time\u2014the Visiting Nurse Service of New York\u2014vacated about 320,000 square feet in December.<\/p>\n

Image courtesy of JLL <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The company signed a long-term lease with Global Holdings Management Group, which has owned the Midtown South trophy high-rise since late 2016. <\/p>\n","protected":false},"author":1068,"featured_media":1004302091,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,1600,21742,10,21747],"tags":[32789,36640,33885,32796,33886,44297],"class_list":["post-1004301878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-cbre","tag-eyal-ofer","tag-global-holdings","tag-jll","tag-paul-glickman","tag-zillow"],"acf":[],"yoast_head":"\nTransPerfect Relocates Global HQ to Manhattan\u2019s Nomad Tower - 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\/transperfect-relocates-global-hq-to-manhattans-nomad-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TransPerfect Relocates Global HQ to Manhattan\u2019s Nomad Tower\" \/>\n<meta property=\"og:description\" content=\"The company signed a long-term lease with Global Holdings Management Group, which has owned the Midtown South trophy high-rise since late 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transperfect-relocates-global-hq-to-manhattans-nomad-tower\/\" \/>\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=\"2019-02-21T13:44:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-15T12:01:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/1250-Broadway-31st-St-1_970x628-e1550763797771.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transperfect-relocates-global-hq-to-manhattans-nomad-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transperfect-relocates-global-hq-to-manhattans-nomad-tower\/\",\"name\":\"TransPerfect Relocates Global HQ to Manhattan\u2019s Nomad Tower - 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