60 Broad Reaches 90% Occupancy With Arrival Of Five New Tenants

JLL announced today it has leased 45,572 square feet of office space in a series of transactions at 60 Broad St., the 39-story glass and steel Financial District skyscraper owned by Piedmont Office Realty Trust, Inc.

The flurry of activity comes as ownership nears completion of a capital improvement program designed by renowned New York architect – and building tenant – MA | Morris Adjmi Architects to appeal to tenants seeking elevated space dovetailing with changing work-life patterns.

“We are thrilled to welcome these new tenants, whose arrival is testament to Piedmont’s commitment to maintaining 60 Broad as a premier office location,” said Bob Wiberg, EVP of the Northeast Region for Piedmont Office Realty Trust. “In a market driven by flight-to-quality, 60 Broad is appealing to those companies who prioritize the employee experience and embrace elevated office design as a vital business development strategy.”

The comprehensive building enhancement includes a new Broad Street main entry and lobby with a signature motif, bespoke reception area, innovative lighting, new artwork, and a hospitality-inspired layout that both promotes social gathering and provides individual working areas. The building’s elevator cabs were also upgraded with new interiors and a destination dispatch system.  A high-end custom work letter was developed in conjunction with MKDA Architects for turn-key buildouts to tenants’ specifications as well as pre-built units.

As a result, the building’s occupancy has risen to just over 90% after new leases were signed with the following tenants:

Consulting and engineering firm, Systra USA signed a 10-year lease for 8,500 square feet on the 34th floor. CBRE’s Scott Sloves and Robert Wizenberg represented the tenant, who will relocate from 55 Broad St.

Cowan, DeBaets, Abrahams & Sheppard LLP signed a 12-year deal for 9,452 square feet on the 30th floor. JLL’s Michael Berg, Ruby Hwang and Sofia Bruno represented the tenant in this relocation from 41 Madison Ave.

Caine Mitter, a financial services company, signed a seven-year lease for 4,772 square feet on the 34th floor. JLL’s Andrew Coe and Margaux Kelleher represented the tenant, who will relocate from 225 West 35th St.

Financial services company Wellington Shields signed an 11-year lease for 9,575 square feet for the entire 39th floor. Colliers broker Reid Longley represented the tenant in this relocation from 140 Broadway.

Finally, digital marketing company Skai will relocate from 80 Pine St. to occupy 13,273 square feet on the entire 33rd floor under a five-year lease. JLL’s Michael Berman represented the tenant.

A JLL agency team led by John Wheeler, Executive Managing Director, Robin Olinyk, Senior Vice President and Thomas Swartz, Associate Vice President, exclusively represent the building’s ownership and represented Piedmont in all of the transactions.

Said Wheeler, “It is tremendous to see plans that were made at the height of COVID now bearing fruit. Piedmont’s reinvestment in the property has positioned 60 Broad to capitalize on current market dynamics towards a flight to quality, while attracting tenants from Midtown and Midtown South, in addition to our Lower Manhattan neighborhood.”

With some of the most spectacular views of the New York Harbor, current available space at 60 Broad features efficient, side core floorplates ranging from 12,000 to 35,000 square feet, reception areas, conference rooms, and breakout areas bathed in light, and air. An in-building co-working provider supports scalability for boutique tenants and the property is equidistant to two of Downtown’s most coveted outdoor recreation areas – the South Street Seaport and Battery Park City.

With two major transit hubs – the Fulton Transit Center and the World Trade Center – every subway, as well as PATH, is within a five-minute walk. Dining runs the gamut from casual to Michelin star restaurants and the neighborhood abounds with after-work options from Stone Street, the Hudson River, and adjacent Brookfield Place.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.

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About Piedmont Office Realty Trust

Piedmont Office Realty Trust, Inc. (NYSE: PDM) is a fully-integrated and self-managed real estate investment trust (REIT) specializing in the ownership and management of high-quality Class A office buildings primarily located in the Sunbelt. Piedmont is a 2024 ENERGY STAR Partner of the Year – Sustained Excellence. 

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.