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Tenant expands at 61 Broadway.

Galbreath Riverbank has announced that Ingalls & Snyder, a securities broker and dealer, has signed a lease for a full-floor at 61 Broadway.

The long-term, 19,765-square-foot transaction represents a lease expansion and extension which will relocate the tenant within 61 Broadway.

John V. Wheeler, Galbreath Riverbank senior managing director, and Joyce Kadlec-Cromwell serve as exclusive leasing agents for 61 Broadway.

The leasing transaction was complicated by the necessity to execute a lease cancellation with Reuters America Inc., the former leaseholder for the 31st floor. Reuters, which was also represented by Galbreath Riverbank, had previously located personnel from 61 Broadway to existing Midtown Manhattan locations.

As members of both the New York Stock Exchange and the American Stock Exchange, Ingalls & Snyder required space easily accessible to both markets. Their original lease was scheduled to expire in early 1994.

61 Broadway is a 33-story, 670,000square-foot renovated office tower owned by Metropolitan Life Insurance Company. Galbreath Riverbank also serves as the building's asset and property manager. Michael Burgio of Cushman & Wakefield represented the tenant. Legal representation was provided by Norman Wachtel of Rogers & Wells for the landlord, and Howard Kaufman of Hughes, Hubbard & Reed for the tenant.
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Title Annotation:Ingalls and Snyder leases office space at 61 Broadway, New York, New York
Publication:Real Estate Weekly
Date:Jun 9, 1993
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