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Justice Dept. signs lease at 80 Broad St.

In a major relocation arranged by Newmark Real Estate Services, the United States Department of Justice's Executive Offices for the U.S. Trustees has leased 19,000 square feet of space, comprising the entire third floor and a portion of the second floor of 80 Broad Street, the recently renovated 36-story building in downtown Manhattan.

The 10-year lease, which has an aggregate rental valued at $3 million, was negotiated by Barry Gosin, president, Richard Doolittle, director, and Jim Gartenberg of Newmark Real Estate Services, exclusive leasing and managing agent for 80 Broad Street. Gosin, Doolittle and Gartenberg also represented the building's owners Alan Ades and Albert Erani. The government agency will relocate to its new offices by mid-May.

According to Doolittle, the United States Department of Justice's executive offices for the U.S. Trustees is the most recent in a series of new tenants to lease space at 80 Broad Street. Other new tenants include Danzas Corporation, a shipping company that leased the building's entire 11,500-square-foot ninth floor; Consortium Communications, Inc. (CCI), a telecommunications company that leased 8,400 square feet of space; and Federal Express, which leased space on the ground floor opposite Strawberry stores.

The building, which is within walking distance of the New York Stock Exchange and all major bus and subway transportation, features a recently renovated lobby, new high speed elevators, new operable windows and tenant controlled air conditioning. In addition, 80 Broad Street offers aggressively priced office space, including full floors ranging from 6,733 to 13,316 square feet that can be divided, and pre-built units ranging from 2,000 to 13,000 square feet.
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Title Annotation:United States. Department of Justice
Publication:Real Estate Weekly
Article Type:Brief Article
Date:May 6, 1992
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