3:40 PM
Newmark Grubb Knight Frank (NGKF) is pleased to announce that CommonBond has signed an eight-year sublease at 524 Broadway. CommonBond, a financial technology (FinTech) company, is subleasing 15,000 square feet, the entire 6th floor, from Marc Jacobs International. NGKF represented both sides of the transaction. Stephen Gordon, managing director, and Jon Zuckerman, executive managing director, represented sub-landlord Marc Jacobs International and Robin Fisher, senior managing director, and Christie Bennett, associate, represented the tenant, CommonBond.
“CommonBond’s need to nearly triple the size of its space is reflective of the current growth many Fintech companies are experiencing today,” said Fisher. “This sublease option was a unique opportunity to achieve its headcount requirements and construct an environment to support its creative technology culture. 524 Broadway is consistent with the types of space that satisfy technology requirements due to its wide-open plan and a polished, industrial look.”
“SoHo is an appealing area for creative companies like Marc Jacobs, with some of the most sought after real estate in Downtown Manhattan. 524 Broadway is the quintessential image of SoHo, with loft-style interiors and high-end retail tenants including Balthazar and Aritzia,” said Gordon.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.