Newmark and the ownership of 1501 Broadway unveiled the Midtown office tower’s recently completed pre-build program and more than 25,000 square feet of officeleasing since the onset of a capital improvement plan. The firm’s Matthew Leon, Stephen Gordon, Andrew Margolin and Nathan Kropp represented the ownership, Levin Management Corporation and Rosemark Management on each transaction.
“Ownership has reimagined this iconic property into an environment that encourages future-forward companies to grow and thrive,” said Leon. “We believe that the diverse tenant roster at 1501 Broadway, combined with its superior location, recent extensive upgrades and our new state-of-the-art pre-built suites, will continue to attract new tenants looking for the perfect office space.”
Notable new tenants include LifeStance Health Group, which signed a long-term, 5,000 square-foot lease, represented by CBRE’s Paul Walker. Sushi of Gari signed a 1,000-square foot headquarters lease, and the Dramatists Guild of America renewed its 5,000-square-foot space.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).