{"id":1004750027,"date":"2025-03-10T03:57:04","date_gmt":"2025-03-10T11:57:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004750027"},"modified":"2025-03-10T03:57:06","modified_gmt":"2025-03-10T11:57:06","slug":"harbor-group-inks-2-leases-in-lower-manhattan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/harbor-group-inks-2-leases-in-lower-manhattan\/","title":{"rendered":"Harbor Group Inks 2 Leases in Lower Manhattan"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/55-Broadway-in-Manhattan.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004750040\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/55-broadway-in-manhattan-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/55-Broadway-in-Manhattan-edited.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=\"55 Broadway in Manhattan\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/55-Broadway-in-Manhattan-edited.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/55-Broadway-in-Manhattan-edited.jpg\" alt=\"Exterior shot of 55 Broadway, a 32-story 358,000-square foot office tower in Manhattan's Financial District.\" class=\"wp-image-1004750040\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/55-Broadway-in-Manhattan-edited.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/03\/55-Broadway-in-Manhattan-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">The 32-story property at 55 Broadway is currently 93 percent leased. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Two tenants have signed leases at 55 Broadway in Lower Manhattan, totaling more than 21,500 square feet. CBRE represented landlord Harbor Group International in both transactions.<\/p>\n\n\n\n<p>Inclusiv, a network of community development credit unions, has signed a 10,986-square-foot lease and will occupy the entire 29th floor. The tenant currently has office space at 39 Broadway, <em>Commercial Observer<\/em> reported. Avison Young Principal Tom Kaufman worked on behalf of Inclusiv in the transaction.<\/p>\n\n\n\n<p>CSA Group NY Architects and Engineers also renewed its 10,557-square-foot office space on the property&#8217;s 14th floor for an additional 10 years. This deal was brokered directly.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/office-industry-trends\/\">What\u2019s Defining Office in 2025?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>The property&#8217;s tenant roster includes RAL Cos., Syscom Global Solutions Inc. and Bond Collective, among others, CommercialEdge shows. The high-rise is currently 93 percent leased.<\/p>\n\n\n\n<p>In 2024, renewals made up 68 percent of leases, marking a 10 percent increase from the previous year, a <a href=\"https:\/\/www.commercialsearch.com\/news\/largest-100-office-leases-of-2024-point-to-stabilization\/\">new CBRE report<\/a> shows. Over half of the renewing tenants kept their existing space, while nearly a third expanded. Manhattan dominated the market, securing the largest share of the 100 top leases of last year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-renovated-tower-in-the-financial-district\">A renovated tower in the Financial District<\/h2>\n\n\n\n<p>Located between Exchange Alley and Morris Street in the Financial District, the Class A 55 Broadway is near Interstate 478 and is less than one mile from World Trade Center. JFK International Airport is some 14 miles away.<\/p>\n\n\n\n<p>The 358,000-square-foot building has been under the Harbor Group International ownership since 2014, when the company acquired the asset for $157.3 million from Broad Street Development, according to CommercialEdge. Later in 2017, Savanna and Paramount Group acquired a 45 percent ownership stake in the property. Last year, the office tower became subject to a $71.6 million loan, originated by AIG, the same source shows.<\/p>\n\n\n\n<p>Completed in 1982, the 32-story high-rise underwent renovations in 2013. The building features floorplates ranging between 11,000 and 17,000 square feet, eight passenger elevators and 15,000 square feet of retail space.<\/p>\n\n\n\n<p>The CBRE team representing the landlord included Executive Vice President Brad Gerla, Senior Vice President Jonathan Cope and Vice President Hayden Pascal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two tenants will occupy the 14th and 29th floor at the tower.<\/p>\n","protected":false},"author":3619,"featured_media":1004750040,"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":[33022,32789,39240],"class_list":["post-1004750027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-avison-young","tag-cbre","tag-harbor-group-international-llc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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