Small firms take occupancy at 61 Broadway to 95%.

Broad Street Development, owner of 61 Broadway in Downtown Manhattan, has signed four new leases totaling nearly 8,000 s/f at the nearly 95% occupied building.

As the small space user continues to drive the market downtown, these companies are the latest tenants to take advantage of the pre-built/built-to-suit space offered at the property. Raymond Chalme, principal of Broad Street Development, made the announcement.

"Time is money for all organizations, especially smaller firms who need to limit the amount of time their business and employees are in the moving process," commented Mr. Chalme.

"These companies all benefited from our ability to quickly and efficiently close deals, and then rapidly fulfill their space requirements to provide a smooth relocation process."

Daniel M. Blanco, executive vice president and director of leasing for Broad Street Development, represented 61 Broadway in all four deals. Mr. Blanco worked directly with BlueSwitch and H. Taufiq Choudhury on their deals.

Patrick Heeg of Cushman & Wakefield represented Vanco Telecommunications and Michael Elkin, Interactive Properties worked on behalf of Wedbush Morgan.

BlueSwitch, a New York-based internet firm focused on website development, will occupy 3,079 s/f of space on the 27th floor of the downtown property.

Vanco, a global virtual network operator, has signed a new lease for 2,410 s/f of space on the 29th floor of 61 Broadway.

Wedbush Morgan Securities, a leading investment banking and brokerage firm, has renewed its 1,933 s/ f lease on the 16th floor of the office building.

The fourth lease signed in this short period of time was for H. Taufiq Choudhury, a general practice law firm, took 566 s/fof space on the 29th floor of the property.

"The building is conveniently located in the heart of the Downtown business district--a major draw for many of these organizations," commented Mr. Blanco.

"The companies also benefited from the building's superior infrastructure and technological capabilities, as well as the hands-on ownership and management team located at the property."

The 653,000 s/f property was built in 1916 and features a diversified tenant base ranging from law firms to financial institutions to not-for-profit organizations.

The tower at 61 Broadway serves as executive headquarters to such prominent organizations as Verizon Information Services, investment firm Ingalls & Snyder, LLC and not-for-profit Professional Staffing Congress.

The building attracts a wide range of companies from small space users requiring pre-built and immediate occupancy opportunities to larger firms looking for contiguous space.