Law firm Edelman & Edelman relocates to upgraded 60 Broad St.
JLL represents Piedmont Office Realty Trust as landlord reaps rewards of repositioning investment
NEW YORK, August 19, 2024 – JLL announced today that Edelman & Edelman PC, one of the most prominent construction injury and civil litigation law firms in the country, has leased 10,000 square feet at 60 Broad St., the 39-story glass and steel Financial District skyscraper owned by Piedmont Office Realty Trust, Inc.
The transaction is the latest in series of new deals at the property since ownership completed a capital improvement program designed by renowned New York architect – and building tenant – MA | Morris Adjmi Architects that elevates the property with sophisticated design and thoughtful amenities.
Edelman & Edelman will relocate from nearby 61 Broadway to occupy new space on the 29th floor of 60 Broad St. that features efficient boutique floorplates to maximize workplace programming flexibility for private offices, communal gathering spaces, as well as multiple small and large conference areas. The transaction brings the building to over 90% occupancy.
“This transaction is a testament to 60 Broad’s effort to distinguish itself as a premier destination for tenants that prioritize employee experience,” said Bob Wiberg, Piedmont Office Realty Trust's EVP for the Northeast Region. “Quality space remains the most significant driver of leasing momentum in the current market.”
Ownership’s renovation included a new Broad Street main entry and lobby with a signature motif, bespoke reception area, innovative lighting, new artwork, and a hospitality-inspired layout that both promotes social gathering and provides individual working areas. The building’s elevator cabs were also upgraded with new interiors and a destination dispatch system. A high-end custom work letter was developed in conjunction with MKDA Architects for turn-key buildouts to tenant specifications as well as pre-built units. A state-of-the-art conferencing and event space accessed from the main lobby is also nearing completion.
A JLL agency team led by John Wheeler, Executive Managing Director, Robin Olinyk, Senior Vice President and Thomas Swartz, Associate Vice President, exclusively represented Piedmont in the transaction. CBRE’s Rob Wizenberg, Senior Vice President, represented Edelman & Edelman in the transaction.
Said Wheeler, "Piedmont’s commitment to repositioning 60 Broad with a hospitality-focused design continues to attract a diverse range of tenants seeking a cost-effective Class A experience in a prime neighborhood. "
With some of the most spectacular views of the New York Harbor, current available space at 60 Broad St. features efficient, side core floorplates ranging from 12,000 to 35,000 square feet, reception areas, conference rooms, and breakout areas bathed in light, and air. An in-building co-working provider supports scalability for boutique tenants and the property is equidistant to two of Downtown’s most popular outdoor recreation areas – the South Street Seaport and Battery Park City.
With two major transit hubs – the Fulton Transit Center and the World Trade Center – every subway, as well as the PATH, is within a five-minute walk. Dining runs the gamut from casual to Michelin star restaurants and the neighborhood abounds with after-work options from Stone Street, the Hudson River, and adjacent Brookfield Place.
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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.