New owner does the business at 55 Broadway.

Broad Street Development has achieved record leasing activity at 55 Broadway just five months after acquiring the property.

During this period, the new ownership's aggressive strategy has resulted in the leasing out of three entire floors bringing the buildings total occupancy to 90 percent.

Recently, seven new tenants have committed to over 45,000 square-feet of space within the 32-story, Class A office building located on the northeast corner of Broadway and Exchange Place. The announcement was made by Raymond Chalme, President of Broad Street Development. Among the tenants taking space at the property is a California-based global enterprise application solution provider, IT Convergence, which signed a 6,300 square-foot lease and benefited from the REAP initiative, one of Downtown's newest incentive programs, and DiscoverReady, LLC, who committed to a 4,400 s/ f lease both on the 21st floor.

Standard Pacific Capital is relocating its offices and will now occupy 4,400 s/f of space on the 18th floor along with Cancer Research Institute, who signed a 5,970 s/f lease on the same floor. While Updata Capital now occupies 4,000 s/f of space--sharing the 5th floor with the Bank of Negara.

"Over the past year, Downtown has experienced tremendous leasing activity as a number of companies have made the decision to relocate and/or expand in this market," said Daniel M. Blanco, principal and director of leasing for Broad Street Development.

"We believe the office space available Downtown, and especially at 55 Broadway, offers the best of all worlds to savvy tenants looking for high-quality and flexible office spaces, from pre-built to full floors, at a discount to comparable buildings in Midtown."

Other new tenants include GovernanceMetrics International, an independent corporate governance research and rating agency who signed a 5,970 s/f llease and Ciphertechs, a privately held information security services provider has expanded its presence in the building and will now occupy 4,400 s/f of space--both on the 11th floor; brokerage firm, Wunderlich Securities (dba Fundamental Capital) was subtenant on 19th floor and has committed to a 6,050 s/f lease; and Receivable Management Services, a debt collection and receivable management agency, signed a 3,446 s/f lease on the 2nd floor.

Blanco and Jill Burrowes, leasing associate of Broad Street Development, represented 55 Broadway in the deals while Clark Briffel of CB Richard Ellis acted on behalf of IT Convergence; Wesley Rudes and Rick Doolittle, of Murray Hill Properties, represented Standard Pacific Capital; Michael Morris, of Newmark Knight Frank, worked on behalf of DiscoverReady, LLC; James Searl, of CB Richard Ellis, represented Updata Capital; Tim Kucha, of Colliers ABR, represented Governance Metric; Gerry Miovski, of Cushman & Wakefield, represented Wunderlich Securities; Brian Siegal, of The Lawrence Group, worked on behalf of Cancer Research Institute; and Scott Sloves, of CB Richard Ellis, worked on behalf of Receivable Management Services.