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Columbia Property Trust Signs Wellington Management to Four Full Floors at 799 Broadway

Columbia Property Trust has signed money manager Wellington Management to four full floors at 799 Broadway, its newly completed ground-up office development at the convergence of Manhattan’s Greenwich Village and Union Square neighborhoods.

One of the world’s largest independent investment management firms, Wellington manages over US$1.3 trillion for clients in more than 60 countries. Under the 16.5-year lease, Wellington will become the largest occupant at 799 Broadway, with 71,000 square feet of office space across four full floors in the 182,000-square foot building.

Wellington’s new office, the first New York location for the Boston-based firm, will feature 15-foot ceiling heights, five private terraces totaling 7,600 square feet, and floor-to-ceiling windows with views of Greenwich Village, Union Square and the steeple of Grace Church, Columbia Property Trust said.

Wellington is the fourth prominent firm to commit to 799 Broadway. Just before the end of 2021, leading investment firm Bain Capital Ventures signed a full-floor, 9,000-square-foot lease, and national mortgage lending and servicing organization New Residential Investment Corporation signed a two-floor, 25,000-square-foot lease. 

An undisclosed tenant took two additional floors in January. Columbia has now signed leases for nine of the 12 floors at 799 Broadway and is currently marketing one full floor; one high-end, 9,300-square-foot pre-built suite; and 18,000 square feet of retail space.

Columbia was represented in the negotiations with Wellington by Mitchell Konsker, Benjamin Bass and Sam Seiler of JLL. Steven Rotter, Randy Abend, Gabrielle Harvey, Brendan Callahan and Lauren Calandriello of JLL represented Wellington.

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Columbia Property TrustJLL's Konsker

About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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