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NEW YORK CITY - Rizzo Group, one of the city's leading building code, zoning and land use consulting firms, has leased nearly 9,000 square feet on the fifth floor at W&H Properties' 1333 Broadway, announces Fred C. Posniak, senior vice president of W&H Properties.
The company will move from its current offices at 11 Penn Plaza toward the end of 2010.
"Ever since the property completed its $71 million upgrade program, demand for space in the building has been at an all-time high," says Mr. Posniak. "Rizzo Group has taken one of the few remaining spaces, adding to our prestigious tenant roster in the process."
Rizzo Group's professional staff of architects, land use attorneys and engineers works with owners, development groups, design firms, and construction companies in order to obtain all necessary government approvals for any given structure. The firm was founded in 1967.
William Cohen and Steve Renbaum of Newmark Knight Frank represented Rizzo Group in the lease negotiations. Brian Waterman, Jonathan Fanuzzi and Brandl Frey of Newmark Knight Frank represented the landlord.
Situated in the center of the Penn Plaza District, across from Macy's flagship location, 1333 Broadway contains 12 stories and 350,000 square feet of modern office space. It offers unsurpassed access to public transportation, and is just steps from the Long Island Rail Road, New Jersey Transit and Amtrak at Penn Station, the Port Authority Terminal, the PATH, 15 subway lines and all major bus lines.
The recently completed $71 million upgrade program includes a new lobby, with a restored original lobby ceiling and elegant marble finishes, the addition of two new elevators and renovation of the three existing passenger elevators and freight elevators, new energy-efficient windows, renovated restrooms and air-conditioned public corridors, and upgraded building-wide systems, including state-of-the-art electrical, plumbing, HVAC and security.
Part of the W&H Properties Pre-War trophy office portfolio, the building is owned by 1333 Broadway Associates, L.L.C, a partnership led by Peter L. Malkin and Anthony E. Malkin, one of New York City's most financially stable ownerships. W&H Properties is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste and recycling and indoor environmental quality initiatives.
Available spaces range from a partial floor of 15,000 square feet, along with W&H portfolio standard high-end pre-built units from 3,000 to 5,000 square feet. A major retail branding opportunity is also available, totaling up to 62,000 square feet on the ground, second and lower levels with over 500 square feet of street frontage.
Broker commissions are paid in full at lease signing.
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