{"id":1004765563,"date":"2025-07-21T02:21:03","date_gmt":"2025-07-21T10:21:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004765563"},"modified":"2025-07-21T02:21:04","modified_gmt":"2025-07-21T10:21:04","slug":"hilton-leases-full-floor-at-manhattan-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hilton-leases-full-floor-at-manhattan-building\/","title":{"rendered":"Hilton Leases Full Floor at Manhattan Building"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6aa78af7c18ba&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-large is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004765609\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/838-broadway-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/838-Broadway-edited.png\" data-orig-size=\"800,600\" 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;&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=\"838 Broadway\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;838 Broadway finished its full renovation in 2024 with SpecterGroup leading the project. Image courtesy of JLL. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/838-Broadway-edited.png?w=800\" 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\/2025\/07\/838-Broadway-edited.png\" alt=\"Exterior of 838 Broadway a six-floor Manhattan office building.\" class=\"wp-image-1004765609\" style=\"width:414px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/838-Broadway-edited.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/838-Broadway-edited.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/838-Broadway-edited.png?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><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 office building at at 838 Broadway rises six stories in Greenwich Village. <em>Image courtesy of ZG Capital<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Hilton Hotels &amp; Resorts has signed a full-floor, 13,619-square-foot lease at 838 Broadway, an office building owned by ZG Capital Partners in Manhattan. JLL brokered the 10-year deal.<\/p>\n\n\n\n<p>ZG purchased the six-story asset in 2021 for $39.3 million from Hyde Park Antiques with a $28.9 million loan from JPMorgan Chase, according to Yardi Research Data. Originally built in 1876 at the former site of James T. Roosevelt\u2019s home, the office building underwent a complete renovation in 2023.<\/p>\n\n\n\n<p>Spectorgroup led the revamp that included modern finishes, new mechanicals and infrastructure throughout the 80,000-square-foot building. These changes brought the low-rise up to New York City Code, with a new HVAC system, and replaced all systems that were first installed in the &#8217;70s. The renovation project, which concluded in 2024, also added new storefronts on Broadway and 13th Street, as well as a new expanded lobby with a second elevator. <\/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\/return-to-office-rebounds\/\" target=\"_blank\" rel=\"noreferrer noopener\">Return-to-Office Rebounds<\/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>Hilton will occupy the entire sixth floor of the building. Last year, JLL arranged a same-size lease agreement at the property for GlossGenius, a software company for spas and salons, and it was the first transaction following the full renovation. The tenant roster also includes Hyde Park Antiques and Prince Global, the same source shows. <\/p>\n\n\n\n<p>Vice Chairmen Mitchell Konsker and Benjamin Bass represented ZG Capital Partners in the Hilton lease. Vice Chairman Jeff Groh, Executive Managing Director Greg Wang, Managing Director Dan Evans and Vice President Thomas Swartz represented the tenant.<\/p>\n\n\n\n<p>Nestled between 12th and 13th Streets in Greenwich Village, 838 Broadway is one block away from Union Square. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-manhattan-remains-the-top-office-market\">Manhattan remains the top office market <\/h2>\n\n\n\n<p>Manhattan continues to be the nation&#8217; top office market, with listing rates averaging $68.08 per square foot in May, well above the national $33.15 per square foot, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/yardi-matrix-june-office-report\/\">Yardi Matrix report<\/a>. The borough also leads the rankings for office sales, which totaled some $2.8 billion in the first five months of the year. <\/p>\n\n\n\n<p>Earlier this month, WeWork <a href=\"https:\/\/www.commercialsearch.com\/news\/wework-signs-60-ksf-lease-in-lower-manhattan\/\" target=\"_blank\" rel=\"noreferrer noopener\">signed a lease<\/a> in Lower Manhattan, at 250 Broadway. The lease takes up five floors at the building and is the coworking company&#8217;s first deal in New York City since it exited bankruptcy last year.<\/p>\n\n\n\n<p>In Midtown, Sigma Computing entered a <a href=\"https:\/\/www.commercialsearch.com\/news\/sl-green-signs-64-ksf-manhattan-tenant\/\" target=\"_blank\" rel=\"noreferrer noopener\">64,077-square-foot lease<\/a> at One Madison Avenue. The company will be operating out of a portion of the third floor. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The office property rises on a historic site in Greenwich Village. <\/p>\n","protected":false},"author":3749,"featured_media":1004765565,"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":[33658,32796,50116],"class_list":["post-1004765563","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-new-york","category-latest","category-northeast","category-office","tag-hilton-hotels-resorts","tag-jll","tag-spectorgroup"],"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>Hilton Leases Full Floor at Manhattan Building - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hilton Hotels &amp; 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