NEW YORK CITY - A $71-million, top-to-bottom upgrade program has been completed at 1333 Broadway, a W&H property in the Penn Plaza district, announces Jonathan T. Fanuzzi, managing director of Newmark Knight Frank, the building's managing and leasing agent.
The upgrades encompass a new lobby, including the restoration of the lobby ceiling and elegant marble finishes, new modern restrooms, the addition of two new elevators and renovation of the three existing passenger elevators and freight elevators, new energy-efficient windows, renovated air-conditioned public corridors, and upgrades to all building systems, including state-of-the-art electrical, plumbing, HVAC and security.
"Thanks to the upgrades, 1333 Broadway has been transformed into a premier business environment with a first-rate infrastructure and outstanding amenities," says Mr. Fanuzzi. "None of this would have been possible without W&H's strong financial track record, combined with its commitment to delivering on its promises."
"There were many complex projects involved in the upgrade program," he continues. "We promised tenants and brokers that we'd plan them, implement them, and see them through to completion. And we did, which has helped maintain a high level of leasing activity at the property."
Situated in the center of the Penn Plaza District, steps away from Macy's flagship location, 1333 Broadway contains 12 stories and 350,000 square feet. It offers unsurpassed access to the Long Island Rail Road, New Jersey Transit, Amtrak, the Port Authority Terminal, the PATH and fifteen subway lines.
Part of the W&H Properties portfolio, the building is owned by 1333 Broadway Associates, L.L.C, a partnership led by Peter L. Malkin and Anthony E. Malkin.
Available spaces range from efficient full floors of 29,000 square feet, partial floors from 5,000 - 10,000 square feet, and our W&H portfolio standard high-end pre-built units from 3,000 - 8,000 square feet. Broker commissions are paid in full at lease signing.
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