Leasing and Sales News: Big Lease in Goldman’s 1372 Broadway; I-Firm Signs Up at Tower 49

breaks3 1 Leasing and Sales News: Big Lease in Goldman’s 1372 Broadway; I Firm Signs Up at Tower 49Li & 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).


Article continues below
More from Politics
Jim Johnson
Governor’s Race 2017: The Week That Was (Feb 20 – Feb 26)