Alliance for Downtown New York Inks 14K SF at 42 Broadway
Nonprofit group Alliance for Downtown New York has expanded its Lower Manhattan footprint to 42 Broadway. The Downtown Alliance, which manages the area’s business improvement district, secured a 14,420-square-foot lease at the Financial District tower, according to a recent CBRE…
Nonprofit group Alliance for Downtown New York has expanded its Lower Manhattan footprint to 42 Broadway. The Downtown Alliance, which manages the area’s business improvement district, secured a 14,420-square-foot lease at the Financial District tower, according to a recent CBRE…
BELLINGS Intelligence Score: 7
Why it matters
This is a routine commercial real estate lease by a nonprofit organization expanding its office footprint, which is ordinary business activity with limited market impact or broader credit relevance.
Sources
Commercial Observer
Alliance for Downtown New York Inks 14K SF at 42 Broadway
Nonprofit group Alliance for Downtown New York has expanded its Lower Manhattan footprint to 42 Broadway. The Downtown Alliance, which manages the area’s business improvement district, secured a 14,420-square-foot lease at the Financial District tower, according to a recent CBRE…