Piedmont welcomes two new tenants to repositioned FiDi tower

NEW YORK, June 10, 2025 – JLLannounced today it has arranged two new leases at 60 Broad St., the 39-story glass and steel Financial District skyscraper owned by Piedmont Realty Trust, a self-administered, self-managed real estate investment trust.

The Center for New York City Neighborhoods, a nonprofit organization that works to protect and promote affordable homeownership, signed a 10,979-square-foot lease covering part of the 38th floor. Peter Hennessey and Allison Buck of Savills and Shawna Menifee from Integrative Partners, CRE, a Savills affiliate, represented the tenant.

Law firm Israel David, LLC, leased 3,491-square-foot of office space on the property’s 29th floor. Gary Kamenetsky of CBRE represented the tenant.

The deals come on the heels of a multi-million-dollar capital improvement program at 60 Broad St. which includes a new main entry and lobby designed by renowned New York architect MA | Morris Adjmi Architects. The new Broad Street entrance features an expansive original mural while the lobby has been reimagined with a signature motif which employs innovative lighting, new artwork and a hospitality-inspired layout that promotes both social gathering and provides individual working areas. The building’s elevator cabs were also upgraded with new interiors and a destination dispatch system.

Piedmont has signed leases totalling over 114,500 square feet since the upgrades commenced, bringing occupancy at the 1M-SF tower to over 93%.

“We’re thrilled to welcome our newest tenants to 60 Broad St.,” said Brad Pittman, Vice President for Piedmont Realty Trust. “Our asset appeals to companies who prioritize their employees’ experience, and these new leases are a testament to Piedmont’s commitment to maintain 60 Broad St. as a premier office location.”

A JLL agency team led by Executive Managing Director John Wheeler, Senior Vice President Robin Olinyk, and Vice President Thomas Swartz exclusively represented the landlord in both transactions.

Said Wheeler, “Ownership’s investment in newly designed tenant interiors, as well as enhanced common spaces and amenities that today’s tenants are actively seeking sets 60 Broad St. apart in a shifting market. It’s a standout option in a competitive market, attracting diverse, top-tier tenants who value quality and innovation.”

60 Broad St. is within a five-minute walk of two major transit hubs – the Fulton Transit Center and World Trade Center – offering tenants access to every New York City subway line, along with the PATH rail system for those commuting to and from New Jersey. The property also offers some of the most spectacular views of New York Harbor, a host of dining options nearby, and proximity to some of New York City’s most desirable neighborhoods.

Flight to quality continues to dominate Manhattan’s office leasing market, where the vast majority of leasing is concentrated in Trophy and Class A buildings, according to JLL Research. Of continued importance to tenants has also been identifying owners and buildings with the financial stability and resources to fund concessions, build interior spaces, make capital improvements and secure lender approvals.

JLL is a leader in the New York tri-state commercial real estate market, with more than 4,800 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.

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Piedmont Office Realty Trust, Inc. (NYSE: PDM) is a fully-integrated and self-managed real estate investment trust (REIT) specializing in the ownership and management of high-quality Class A office buildings primarily located in the Sunbelt. Piedmont is a 2024 ENERGY STAR Partner of the Year – Sustained Excellence. Visit www.piedmontreit.com