Union Investment Scores 100K SF FiDi Lease from Arup
The office-to-resi boom is helping Manhattan’s commercial leasing market rebound. The latest example is global sustainable development consultancy Arup’s upcoming relocation.Union Investment signed the consultant company to a lease just shy of 100,000 square feet at 140 Broadway in the Financial District, the New York Business Journal reported. Arup will be relocating from 77 Water Street; it’s unclear how much space Arup occupied there in its decade of tenancy.Financial teams of the 16-and-a-half year lease were not disclosed. Arup will occupy space between the 17th and 20th floors of 140...