By Silverstein Properties | Official Press Release
SILVERSTEIN PROPERTIES SIGNS LEASE WITH THE BRENNAN CENTER FOR JUSTICE AT 120 BROADWAY
NEW YORK, June 1, 2016 – Silverstein Properties announced today that the Brennan Center for Justice, a nonpartisan law and policy institute,has signed a 15-year lease to occupy 25,476 square feet at 120 Broadway, the historic 40-story, 1.9 million square foot Downtown office tower.
The Brennan Center, which seeks to improve the systems of democracy and justice, will occupy part of the 17th floor, relocating from 161 Avenue of the Americas before the end of 2016.
“We are pleased to welcome the Brennan Center for Justice to the prestigious tenant roster at 120 Broadway,” said Roger A. Silverstein, Executive Vice President of Leasing for Silverstein Properties. “Located in the heart of Lower Manhattan, the property offers tenants all the services and conveniences of a modern, first-class office building with the distinction of historic architecture.”
Regarded as Downtown Manhattan’s first emblem of elegance and stature, 120 Broadway was the largest office building in the world upon its completion in 1915. Known as the “Equitable Building,” the property features a grand lobby with soaring ceilings, generously proportioned 50,000 square foot floor plates and in-building subway access. The iconic tower has been meticulously restored with a major capital improvement program.
Spanning a full city block bordered by Broadway, and Nassau, Pine, and Cedar Streets, 120 Broadway has convenient access to shopping, dining and transportation options at the new Fulton Transit Center and WTC Transportation Hub. The property’s diverse roster of tenants includes ALM Media, Beyer Blinder Belle, P.C., SIFMA and Strategies for Wealth.
Silverstein Properties was represented in house by Roger A. Silverstein, Joseph Artusa, and Camille McGratty. The Brennan Center for Justice was represented by Stephen Eynon of CBRE. Robert Nash and Daniel M. Aires of Schulte Roth & Zabel LLP represented the tenant and Michael Sobel of Wilk Auslander LLP represented Silverstein Properties.
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About Silverstein Properties
Silverstein Properties, Inc. is a privately held, full-service real estate development, investment and management firm based in New York. Founded in 1957 by Chairman Larry Silverstein, the company develops and acquires office, residential, hotel and retail properties. Silverstein Properties has developed, owned and managed more than 35 million square feet of commercial, residential and retail space, including 7 World Trade Center, the first LEED-certified office tower in New York City, which opened in 2006 and 4 World Trade Center which opened in November 2013.
Currently, the firm has $10 billion of development underway: Four Seasons Downtown New York Hotel and Private Luxury Residences, One West End and 2 and 3 World Trade Center. The company has been recognized as one of the “Best Places to Work in New York City” by Crain’s New York Business for the past eight years. For further information on Silverstein Properties, visit www.silversteinproperties.com.
Dara McQuillan Bud Perrone