Taking its first office in New York City, IGI Global Scientific Publishing has signed for 4,000 square feet at 250 Broadway, a 648,000-square-foot office property in Lower Manhattan, announced AmTrust RE. AmTrust’s Anne Holker and the CBRE team of Brad Gerla, Michael Rizzo and Alex Benisatto represented the landlord in the transaction, while the tenant was represented by Aaron Winston of Newmark.
IGI Global Scientific Publishing is an international academic publisher of scientific research books, journals and encyclopedias with a focus on business and management; science, technical, & medical (STM) and education and social sciences.
“With interest rates falling and other positive economic indicators, we’ve seen strong leasing activity over the past few months across our New York City office portfolio,” said Jonathan Bennett, AmTrust’s president. “Companies are coalescing around the idea that a post-COVID-19 world requires a highly designed, well-located office setting that is easily accessible to workers and positions them for professional success. As a well-regarded academic publisher, IGI Global Scientific Publishing is an exciting new addition to our tenant roster. Their move to 250 Broadway is additional proof of the success we’ve had at elevating this office property for premier local and national commercial tenants.”
The building is located directly across the street from City Hall Park and is home to an array of organizations in both the public and private sectors, including several law firms; New York City Council; New York City Housing Authority; New York State Assembly and New York State Senate. Originally constructed in 1962, the property has received significant capital improvements in recent years, including major upgrades to the lobby, elevators and other common areas.
“IGI Global Scientific Publishing is a U.S.-based International academic publishing house,” said Mehdi Khosrow-Pour, CEO, IGI Global Scientific Publishing. “We are excited to establish our New York office at 250 Broadway, a building that offers all the technological resources and amenities to its tenants, as well as being in the heart of downtown, New York City.”
