1359 B'way leasing on a roll.Significant leasing activity at 1359 Broadway Broadway, famous thoroughfare in New York City. It extends from Bowling Green near the foot of Manhattan island N to 262d St. in the Bronx. Throughout its length Broadway is chiefly a commercial street. , sparked by its $54 million capital improvement program, continued through the first quarter of 2005 as transactions involving 34,591 rentable square feet were closed, reports Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. Frantz, director of Newmark, the building's managing and leasing agent. New leases accounted for 21,394 square feet of the total, 17,000 of which was taken by Keane, Inc. (NYSE NYSE See: New York Stock Exchange : KEA), the publicly traded business and IT services firm, which will be moving from 525 Seventh Avenue in the fall. In other significant transactions, Gerber Scientific Gerber Scientific Inc., located in South Windsor, Connecticut, is the parent of companies which provide end-to-end customer solutions to the world's sign making and specialty graphics, ophthalmic lens processing, and apparel and flexible materials industries. , Inc. (NYSE: GRB GRB Gamma Ray Burst(er) GRB Graduate Recruitment Bureau GRB Grid Resource Broker GRB Grootschalig Referentiebestand (Dutch: large scale mapping program) GRB Gharb ) and Rosetta Marketing Strategies leased build-to-suit units of 5,361 and 4,494 square feet, respectively. Gerber, an existing tenant, will be moving to larger quarters from its existing location in the building, and Connecticut-based Rosetta will be establishing its first Manhattan office. "Ownership has spared no expense to restore and renovate 1359 Broadway and transform it into the premier property in the neighborhood," says Mr. Frantz. "As a result, top-tier tenants have signed leases within the building. Clearly, quality attracts quality." |
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