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New leases help JEMB take occupancy to 99% at 75 Broad Street.


JEMB JEMB Joint Environmental Management Board (US DoD)  Realty has signed 15,000 s/f In new leases at 75 Broad Street, bringing the asset to approximately 96% leased. Joseph Jerome, principal of JEMB Realty, made the announcement.

News Broadcast Network, a New-York based broadcast news public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  firm, was represented by GVA GVA

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 Williams' Eric Kagnor and Richard Plehn in the transaction. The firm will occupy a 10,400 s/f space on the 15th floor in a relocation from 352 Park Avenue South. Fine Point Technologies, an internet and software service provider, will occupy a 4,600 s/f office on the 3rd floor of 75 Broad Street, relocating from 139 Centre Street. Clark Briffel of CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 represented Fine Point Technologies in the negotiations.

Cushman & Wakefield brokerage professionals Frank Cento and Michael McKenna served as the exclusive leasing team representing JEMB Realty.

"Mr. Jerome's expertise as a Downtown owner and the professionalism of the JEMB Realty leasing team made this transaction a fast-paced, win-win situation," Plehn commented.

"75 Broad Street is a top-notch business address and its reliable and proficient in-house ownership unlocks the true value of the property."

Following a $35 million capital improvement plan, the 33-floor, pre-war office tower boasts flexible floor plans and stunning views from all elevations. It is also located in a Lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North  tax incentive zone. "75 Broad Street is a pre-qualified address for relocating businesses seeking to employ New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 City's generous Downtown tax incentive programs," Jerome stated. "Qualified tenants can receive up to $3,000 per employee each year for up to 12 years, and as additional employees join the firm after the relocation, they are qualified as well."

The property offers upgraded corridors, high-speed connectivity to any carrier, a 24-hour security system and a restored lobby featuring ceiling murals and a holographic See holographic storage.  building directory.

"We are pleased to unveil a convenient secondary lobby entrance to tenants at 75 Broad this month," commented Jerome. "As office space grows harder to find, businesses are migrating Downtown to take advantage of the excellent location, topnotch amenities, and City tax and energy incentive programs this property is known for."
COPYRIGHT 2006 Hagedorn Publication
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Publication:Real Estate Weekly
Date:Nov 8, 2006
Words:348
Previous Article:Benchmark 33,000 s/f deal closed at 375 Park Avenue.
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