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Columbia Property Trust Secures First Tenant for New Midtown South Building

Columbia Property Trust has secured a lease for two full floors at 799 Broadway in Union Square/Greenwich Village, a ground-up office development at the convergence of Manhattan’s Greenwich Village and Union Square neighborhoods that is expected to be complete this month.

Newrez, a national mortgage lending and servicing organization owned by New Residential Investment Corp, is the first to be signed at the 12-story building.

In addition to the 25,000 square feet that Newrez is taking, the REIT says that it has been fielding strong interest in the 182,000-square-foot Midtown South property, with multiple proposals in process with several other prospective tenants and a continued healthy pace of tour activity. To lead leasing efforts, Columbia has tapped Mitchell Konsker, Benjamin Bass, Sam Seiler, and Steven Rotter of JLL.

Newrez was represented by Josh Kuriloff and Drew Braver from Cushman and Wakefield.

The building has been designed with Covid-era needs in mind. Its features were curated with an eye to employee health and wellness and talent retention. It also boasts of UV light sanitation and bipolar ionization systems installed throughout the building and in elevator cabs, and has been designed to meet the health and wellness criteria of the WELL Building certification program. Also, earlier this month, 799 Broadway was awarded a Fitwel 2-Star Rating.
Reprinted with permission from the Mon, 04 Oct 2021 09:06:06 EDT online edition of GlobeSt © 2021 ALM Media Properties, LLC. All rights reserved. Further duplication without permission is prohibited, contact 877-256-2472 or reprints@alm.com.