1370 Broadway, New York, NY
- 276,150 rentable sf
1370 Broadway is a 16-story office building located on the southeast corner of 37th Street and Broadway in the Times Square South submarket of Manhattan. Shortly after acquisition, Normandy implemented a significant capital improvement program, which included the installation of a new backlit canopy with glass entrance and travertine lobby and new elevator interiors. These improvements assisted in attracting media and technology tenants to the property. Normandy realized additional value by downsizing and relocating an existing tenant from the top two floors of the property and re-leasing that space on a long term basis. With the asset business plan executed ahead of schedule, the property was monetized two years after acquisition.