FirstService Williams Leases 90,000 Square Feet at 902 Broadway

NEW YORK, NY—Continuing a flurry of leasing activity that kick started in the fourth quarter of 2009 and has continued into the New Year, FirstService Williams has arranged approximately 90,000 square feet of new leases at 902 Broadway.
 
FirstService Williams is becoming Colliers International, the New York - New Jersey - Connecticut hub of the world’s third largest commercial real estate services firm.
 
The FirstService Williams agency team of Perry Mesmer and Marty Meyer aggressively marketed 902 Broadway, a 330,000-square-foot building at the corner of West 20th Street in the Flatiron District, in between Union Square Park and Madison Square Park.
 
“After some tenant transition we leased up about 90,000 square feet in just the past few months, securing tenants in a third of the building for the next ten years,” Mesmer said. “902 Broadway is a well-located, well-maintained building that attracts an eclectic mix of tenants.”
 
Among the new transactions:
 
Cramer-Kresselt Co., Inc., a Chicago-based media and advertising company, signed a 10-year, 16,500-square-foot lease for the entire fifth floor, relocating from 7 West 22nd Street. Rob Silver, of Newmark Knight Frank, represented the tenant.
 
Lehr Construction signed a seven-year, 33,000-square-foot extension for the entire sixth and seventh floors, at 16,500 square feet per floor. The existing lease has three years remaining, keeping the tenant in the space for at least the next ten years.
 
RoadRunner Records, a division of Warner Music Group, signed a five-year, 16,500-square-foot renewal for the entire eighth floor. Joshua Goldman, of Cushman & Wakefield, represented the tenant.
 
Sir Chester Drawers, a division of North American Bear Company, relocated in the building, taking 5,300 square feet on the 14th floor. Mesmer and Meyer also represented the tenant.
 
In December, FirstService Williams also arranged a 15-year corporate headquarters lease at 902 Broadway with national footwear company Deer Stags Inc., which will occupy the entire third floor, totaling 16,500 square feet, when the build-out is complete in the first quarter.
 
Other existing tenants include Bayard Advertising, Phipps Houses Services, Della Femina Rothschild Jeary, Milo Kleinberg Design Associates (MKDA), H3 Hardy Collaboration Architecture, among others.