Li & Fung Group, a consumer goods behemoth, has taken a full floor in press-shy Lloyd Goldman’s 1372 Broadway, which the quietly powerful developer bought from the struggling Wachovia Bank for a decidedly under-market $274 million in October. (Even better, Wachovia financed the purchase.)
Li & Fung didn’t respond to our requests for comment. But, sources say that the previous tenant of the 36,000-square-foot floor, ThruPoint, had recently returned it to Mr. Goldman, who, in turn, gave a direct 10-year lease to the Hong Kong–based firm.
CoStar lists asking rents there at $48 a square foot. Presumably, because of the tenant-friendly market, the taking was lower.
Ten blocks north and two blocks east, at the sky-blue, office-park-esque Tower 49, Broadpoint Securities Group signed a 10-year lease for the prebuilt, 16,000-square-foot 31st floor. Broadpoint is a small investment firm that is, believe it or not, expanding. The digs at 12 East 49th Street are to house the bank’s executive management and investment-banking team. The bank already has 41,000 square feet at One Penn Plaza.
“As a growing firm, our new offices at 12 East 49th Street will serve as a center from which Broadpoint will continue its expansion within Manhattan,” said Laurence Mascera, chief administrative officer of Broadpoint Securities Group, in a statement. The Observer called Mr. Mascera to find out the secret to Broadpoint’s success. He declined to comment (or to gloat).