Newmark Grubb Knight Frank (NGKF) has successfully orchestrated the move of two law firms into 1430 Broadway in New York City, after having signed its first multi-partner law firm as a tenant last year.
NGKF Senior Managing Director Kenneth Kronstadt and Associate Director Rick Kramer are exclusive leasing agents for the property. The 22-story building, set in the Theater District a few blocks from Times Square, is owned and managed by members of the Steinberg and Pokoik families in partnership with members of the Gural and Levy families.
One of the new tenant firms, Abrams Garfinkel Margolis Bergson, LLP is expanding and has leased the entire 17th floor of the building, taking 18,500 square feet. The firm was represented by Larry Haber of Colgate Real Estate Advisors in the transaction.
The firm of Brandt, Steinberg & Lewis LLP leased 8,917 square feet on the 6th floor of the office building. The firm was represented by Ted Rotante of Colliers International.
“1430 Broadway continues to attract companies desiring space in the heart of Midtown Manhattan as evidenced by these recent relocations,” noted Mr. Kronstadt. Last year, Molod Spitz & Desantis, P.C., became the first midsize legal tenant, leasing the entire 21st floor.
In the beginning of next year, Mr. Kramer said, “the 18th floor of the building, located at Broadway and 40th Street, will be available for occupancy, with spaces ranging from 8,300 square feet to 11,800 square feet.”
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank, together with its affiliates and London-based partner Knight Frank, employs more than 11,000 professionals, operating from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.