Savills Studley, the leading commercial real estate firm specializing in tenant representation, announced that it has completed a new lease for Broadway Technology at 28 Liberty Street in Lower Manhattan.
Broadway Technology provides award-winning, high-performance trading solutions and infrastructure to top financial firms around the world. Founded in 2003 by experts in enterprise software and quantitative trading, the company has employees worldwide with offices in New York, Austin, London and Waterloo. Having recently closed a $42 million minority investment led by Long Ridge Equity Partners, Broadway Technology was seeking additional space to accommodate immediate and future growth.
The company will occupy 25,000 square feet on the 50th floor of 28 Liberty in the fall of 2017, relocating from 13,047 square feet at 140 Broadway. 28 Liberty is an iconic, 2.2-million-square-foot landmarked office building located in the center of Lower Manhattan. Fosun, the property owner, has launched a comprehensive repositioning of the property and its historic plaza that includes the creation of 200,000 square feet of retail space. Broadway Technology will enjoy spectacular views, newly renovated amenities including a new Union Square Hospitality Group restaurant and event space on the 60th floor of the building, direct access to six subway lines from the lobby and a new high-end installation that will be built by the landlord.
Savills Studley Senior Managing Director Zev Holzman, Executive Managing Director Paul Revson and Assistant Director Brian Scharfman represented Broadway Technology in the long-term lease transaction. Fosun was represented by Tom Costanzo in house, as well as John Wheeler and Michael Berman of JLL.
“After an exhaustive search throughout Lower Manhattan and Midtown South, relocating to 28 Liberty proved to be the ideal solution for Broadway Technology,” said Holzman. “It gives the company the opportunity to grow in a top-tier downtown asset while remaining in proximity to its client base in the Financial District. Designing its own space allows the company to create a unique brand and aesthetic that it can replicate at its offices around the globe.”
“We are delighted to make 28 Liberty the new home for our New York team as we begin the next phase of Broadway’s growth,” said Broadway Technology Chief Executive Officer Tyler Moeller. “The views from the 50th floor are incredible and 25,000 square feet is ample room to build an enjoyable, productive environment for our team to create the next generation of Broadway products.”
About Broadway Technology, LLC
Broadway Technology is a leading provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive platform includes brokerage, project management, capital markets, consulting and corporate services. With 30 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 32,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).