Stroock Advises Broadridge Financial Solutions, Inc. on Long-Term Lease in Midtown Manhattan
New York—November 19, 2018—Stroock’s national Real Estate Group today announced that it advised global fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR) on a 15-year lease at 605 Third Avenue—a recently modernized 44-story tower in midtown.
Broadridge, a part of the S&P 500® Index, is the leading provider of investor communications and technology-driven solutions to banks, broker-dealers, asset managers and corporate issuers globally. The new lease agreement covers 84,000 square feet across the 39th through 42nd floors of the building, which was certified LEED Gold by the U.S. Green Building Council as a result of its early 2016 capital improvement program.
“This building is yet another prime example of the continued growth in midtown, and is a perfect new home for Broadridge” said Stroock senior attorney Ken Theil, who advised Broadridge on the lease, working closely with Daniel Chernin, chief M&A counsel for Broadridge.
Designed by David Rockwell and the Rockwell Group, the building’s significant lobby renovations created additional space and included a new entrance, located between East 39th and 40th Streets. Broadridge leased the space from Fisher Brothers, which owns nearly 400,000 square feet in the building.
The members of Stroock’s national leasing team that represented Broadridge on this matter also included Jack Bart and Trevor Adler. Stroock’s national leasing team is a leader in the negotiation of major commercial leases in New York City and across the United States on behalf of both landlords and tenants, and is known for its broad market perspective and creative problem-solving capabilities.