Home Real Estate Actors Federal Credit Union Expands Lease in Times Square 
Real Estate

Actors Federal Credit Union Expands Lease in Times Square 

Actors Federal Credit Union has extended a 10-year lease at 1560 Broadway in Times Square. The credit union, existing in the building since 1991, will expand its space from 9,130 to 10,717 square feet on the fifth floor by early 2024. 

Built in 1925, the historic 17-story, 271,000-square-foot building underwent major redevelopment in 2014. Alan Steinberg of GFP Real Estate represented the landlord, 1560 Broadway Company LLC, in the transaction; Joseph Harkins of Cushman & Wakefield represented the tenant, Actors Federal Credit Union. 

“Actors Federal Credit Union had needed additional space and fortunately, we were able to accommodate them on the same floor—a win-win for both the tenant and ownership,” said Steinberg. 

Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Real Estate

Memphis Dermon Building Converting to 150-Room Hotel

The Dermon Building in Memphis was built 99 years ago, designed as...

Real Estate

Developer Duo Secures $120M Refi for Charleston Harbor Rental Community

Woodfield Investments and Argosy Real Estate Partners have secured $120 million to...

Real Estate

Bonita Springs Site for 252-Unit Apartment Community

Madison Communities and Heitman have closed a $44 million construction loan for...

Real Estate

$21.5M Loan for Tacoma Apartments Secured by Berkadia

Berkadia has secured financing for the acquisition of The Duo Apartments, a...