Withum expands New York City operations
NEW YORK, NY (September 18, 2017) — Coldwell Banker Commercial Advisors (CBC Advisors) today announced that Barry C. Lewen, executive managing director at CBC Advisors, brokered a 25,000 square-foot expansion lease of the current WithumSmith+Brown P.C. (Withum) office space at 1411 Broadway, NY.
The Princeton, New Jersey-based accounting and advisory group will grow within its current New York office space. The firm signed a 44,000 square-foot lease and now occupies two floors at the 40-story, 1.1 million square foot Garment District office tower.
“It was a pleasure to represent Withum in their growth and expansion of the company’s operations at 1411 Broadway,” said Lewen. “With a new long-term lease, Withum now has the ability to further increase its client base and services throughout Manhattan.”
Established in 1974, Withum has 15 offices, 900 staff members and annual revenue in excess of $170 million. In addition to its New York City office, the firm manages several offices located throughout the United States, including its Princeton, New Jersey headquarters and locations in Colorado, Florida, Maryland, Massachusetts, Pennsylvania and the Cayman Islands.
1411 Broadway will undertake a $60 million capital improvement that includes a full window replacement program, lobby renovation with a new glass curtain wall, new plazas and landscaping along Broadway and 7th Avenue, renovated elevator cabs, a new retail storefront along Broadway and 40th Street, and numerous additional infrastructure upgrades.
As a full-service commercial real estate brokerage, CBC Advisors represents world-class office, retail, investment, industrial and multifamily projects coast to coast while providing institutional-grade asset services nationwide. The firm operates in key markets throughout the U.S. and internationally.