{"id":1004707755,"date":"2024-03-27T01:51:19","date_gmt":"2024-03-27T09:51:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004707755"},"modified":"2024-03-27T01:51:22","modified_gmt":"2024-03-27T09:51:22","slug":"data-science-firm-relocates-to-lower-manhattan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/","title":{"rendered":"Data Science Firm Relocates to Lower Manhattan"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a188cd885081&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004707757\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/120-broadway-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-broadway.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" 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;\\u00a9 Yardi Systems, Inc.&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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"120 broadway\" data-image-description=\"&lt;p&gt;The building at 120 Broadway in New York.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;120 Broadway came online in 1915 and measures 1.9 million square feet. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-broadway.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-broadway.jpg\" alt=\"The building at 120 Broadway in New York.\" class=\"wp-image-1004707757\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-broadway.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-broadway.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">120 Broadway came online in 1915 and measures 1.9 million square feet. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Data science and AI-powered solutions firm Ekimetrics has relocated its only U.S. location to 120 Broadway in Lower Manhattan. The company, which committed to 24,367 square feet for 10 years, will occupy part of the 29th floor at Silverstein Properties\u2019 1.9 million-square-foot skyscraper.<\/p>\n\n\n\n<p>Silverstein Properties Vice President Harlan Strader and Newmark Executive Managing Director Erik Harris represented the ownership, while Colliers Vice Chair Eric Ferriello worked on behalf of the tenant.<\/p>\n\n\n\n<p>Ekimetrics will move from 155 W. 23rd St., a 12-story building in Chelsea owned by MC Real Estate Partners. At the new location, the firm will join a roster that includes Golden Goose, Old Mission Capital and Tower Research Capital, which recently signed a <a href=\"https:\/\/www.commercialsearch.com\/news\/silverstein-inks-122-ksf-lease-at-manhattan-trophy-tower\/\">121,903-square-foot lease<\/a> at the building.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/its-time-for-cre-to-work-smarter\/\">It\u2019s Time for CRE to Work Smarter<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Silverstein Properties acquired the 40-story asset in December 1981 for $60 million from The Equitable Life Assurance Society of the United States, CommercialEdge information shows. In 2020, the property became subject to two loans totaling $510 million, originated by Wells Fargo Bank.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-an-up-to-date-manhattan-office\">An up-to-date Manhattan office<\/h2>\n\n\n\n<p>Also known as the Equitable Building, the high-rise came online in 1915 as the world\u2019s tallest office building and went through renovations in 1990 and 2019, according to the same source.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a188cd886cc4&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignleft size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004707758\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/120-broadway-nyc-40th-10th-floors-1346-hr\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-Broadway-NYC-40th-10th-Floors-1346-HR.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" 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;1695218904&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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"120-Broadway-NYC-40th-&#038;-10th-Floors)-1346-(HR)\" data-image-description=\"&lt;p&gt;The building at 120 Broadway in New York.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Equitable Building went through a $50 million capital improvement plan that included the redevelopment of the 10th floor into an amenity center. Image by Mike Van Tassell and Paul Rivera, courtesy of Silverstein Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-Broadway-NYC-40th-10th-Floors-1346-HR.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-Broadway-NYC-40th-10th-Floors-1346-HR.jpg\" alt=\"The building at 120 Broadway in New York.\" class=\"wp-image-1004707758\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-Broadway-NYC-40th-10th-Floors-1346-HR.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-Broadway-NYC-40th-10th-Floors-1346-HR.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-Broadway-NYC-40th-10th-Floors-1346-HR.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The Equitable Building went through a $50 million capital improvement plan that included the redevelopment of the 10th floor into an amenity center. <em>Image by Mike Van Tassell and Paul Rivera, courtesy of Silverstein Properties<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The latest upgrade involved a $50 million capex program that included entrance renovations, new reception desk and rooftop space, <em>Curbed New York <\/em>reported. Beyer Blinder Belle took care of the restoration and modernization.<\/p>\n\n\n\n<p>Other upgrades consist of The Bankers Club, a tenant-exclusive penthouse with terraces, a lounge, food hall and caf\u00e9, along with the redevelopment of the 10th story into a full-floor amenity center that features a yoga room, conference facilities, a 1980s arcade room and a speakeasy. The high-rise also has 30,000 square feet of retail space.<\/p>\n\n\n\n<p>The LEED Gold-certified skyscraper is in Lower Manhattan\u2019s Financial District and spans a full city block. The building is within walking distance of 80 Pine St., a 1.2 million-square-foot property where Vibrant Emotional Health <a href=\"https:\/\/www.commercialsearch.com\/news\/rudin-lands-60-ksf-tenant-in-lower-manhattan\/\">relocated last year<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Manhattan\u2019s office sector remains steady<\/h2>\n\n\n\n<p>As of February, Manhattan saw a 460-basis-point drop in asking rates on a year-over-year basis, but still led the nation in terms of prices, averaging at $71.5 per square foot, the latest <a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report\/\">CommercialEdge office report<\/a> shows. The borough\u2019s vacancy rate during the same month clocked in at 16.8 percent, 110 basis points lower than the national average.<\/p>\n\n\n\n<p>Earlier this month, Citizens Bank committed to <a href=\"https:\/\/www.commercialsearch.com\/news\/paramount-lands-74-ksf-lease-in-manhattan\/\">74,000 square feet<\/a> at 1301 Avenue of the Americas, Paramount Group\u2019s 1.7 million-square-foot building. Dating back to 1965, the high-rise was renovated in 1989.<\/p>\n\n\n\n<p>In February, law firm Kilpatrick Townsend &amp; Stockton LLP signed a <a href=\"https:\/\/www.commercialsearch.com\/news\/rudin-secures-full-floor-lease-in-times-square\/\">27,667-square-foot lease<\/a> at 3 Times Square, a 950,000-square-foot skyscraper owned by Rudin. The company is expected to move in the third quarter of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company signed a 10-year lease at Silverstein Properties&#8217; Equitable Building.<\/p>\n","protected":false},"author":3355,"featured_media":1004707757,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1600,21742,10,21747],"tags":[35498,50999,34035],"class_list":["post-1004707755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-colliers","tag-newmark","tag-silverstein-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Data Science Firm Relocates to Lower Manhattan - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Ekimetrics has relocated its only U.S. location to 24,367 square feet at 120 Broadway in Lower Manhattan for 10 years.\" \/>\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\/data-science-firm-relocates-to-lower-manhattan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Data Science Firm Relocates to Lower Manhattan\" \/>\n<meta property=\"og:description\" content=\"Ekimetrics has relocated its only U.S. location to 24,367 square feet at 120 Broadway in Lower Manhattan for 10 years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/\" \/>\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=\"2024-03-27T09:51:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-27T09:51:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-broadway.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Vicentiu Fusea\" \/>\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\/data-science-firm-relocates-to-lower-manhattan\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/\",\"name\":\"Data Science Firm Relocates to Lower Manhattan - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-broadway.jpg\",\"datePublished\":\"2024-03-27T09:51:19+00:00\",\"dateModified\":\"2024-03-27T09:51:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6f90c90d1e85956f06679ddabc844412\"},\"description\":\"Ekimetrics has relocated its only U.S. location to 24,367 square feet at 120 Broadway in Lower Manhattan for 10 years.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/data-science-firm-relocates-to-lower-manhattan\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-broadway.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/120-broadway.jpg\",\"width\":640,\"height\":480,\"caption\":\"120 Broadway came online in 1915 and measures 1.9 million square feet. 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