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Comcast leases 1540 Broadway to consolidate New York City offices
The 139,692-square-foot lease is tied to a $150 million capital improvements program at the Midtown Manhattan tower.
Comcast Cable has leased 139,692 square feet at 1540 Broadway to consolidate its New York City office footprint, according to a CBRE report cited by ConnectCRE.
The company is relocating from 407 Broadway and 55 W. 46th St., while the lease signing involved representation from Savills for Comcast and JLL for the ownership, ConnectCRE reported.
ConnectCRE said the lease comes as the 907,000-square-foot Midtown Manhattan office tower’s owners move ahead with a $150 million capital improvements program.
The story also noted that CBRE data showed Manhattan office leasing activity totaled 2.98 million square feet in July, 39 percent above the five-year monthly average.