Immigration firm Moves Uptown to 1400 Broadway

A worldwide immigration firm is crossing Wall Street to resettle uptown.

Fragomen, Del Rey, Bernsen & Loewy has signed a 108,000-square-foot deal for the entire eighth through 10th floors at 1400 Broadway on the northeast corner of West 38th Street.

The asking rent for the 16-year deal was $59 per square foot.

The law firm has 40 offices around the globe, and its current New York City offices are in downtown’s 7 Hanover Square.

The tenant was represented by John Shaunfield, Seth Weinstein and Paul Ippolito of Newmark Knight Frank.

Another NKF team of Scott Klau, Erik Harris and Neil Rubin represented building owner Empire State Realty Trust along with Keith Cody in-house.

“The building’s infrastructure — fully modernized for the 21st century — attracted Fragomen, which was already drawn to the character, convenience and desirability of our Times Square South neighborhood,” said Thomas Durels, head of ESRT’s leasing and operations.

The building is being upgraded from showrooms to office tenants and has already attracted Interpublic Group, Kohl’s, and OnDeck Capital.

 

Source: nypost.com

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