AECOM, a leading provider of professional technical and management support services for a wide range of public and private clients around the world, has signed a new lease for 90,000 square feet at 125 Broad St. in New York City.
The 40-story, 1.46 million-square-foot, class A office tower was built by Kahn Associates in 1970 on 1.3 acres between Water and South Streets in Lower Manhattan's Financial District submarket. The waterfront property features food service, on-site property management and access to public transit. AECOM will join other building tenants Sullivan & Cromwell LLP, the ACLU, Herzfeld & Rubin PC, Continental Casualty Co., and General Reinsurance Corp.
"AECOM was focused on creating a unified environment that represents our brand and values," said Ira Levy, AECOM's executive vice president for the U.S. Northeast Region. "Along with large, efficient floor plates and beautiful harbor views, the new layout of offices at 125 Broad Street will be helpful in furthering our objectives to bring our staff together and improve how we collaborate. The new office layout will help to support AECOM’s project-based work and provide a variety of space types, reflecting how the company works on behalf of our clients."
AECOM will consolidate employees in the fourth quarter 2013 from offices at 71 W 23rd St, 31 W 27th St, and 20 Exchange Pl. AECOM took nearly a year to settle on 125 Broad, which offered easy access for clients as well as easy commute patterns, labor availability and client proximity. The firm will retain its Midtown offices at 605 Third and 100 Park Avenues.
Tishman Construction's interior practice, a subsidiary of AECOM, will provide construction management services for the buildout of the new office space, located on a portion of the 14th and the entire 15th and 16th floors of the building, previously occupied by Oppenheimer Holdings, Inc. AECOM's Strategy Plus business will provide workplace strategy and move support for the consolidation.
Mark Ravesloot, Peter Turchin and Gerry Miovski with CBRE Group, Inc. constructed the lease transaction for the landlord, Mack-Cali Realty Corporation.