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South Williamsburg’s 134 Broadway Signs First Lease for Ground-Floor with High-End Brasserie; Pre-Built, Full-Floor Office Space Available

New York, NY (08/09/2019)

1:36 PM

Newmark Knight Frank (NKF) is pleased to announce 25,000 square feet of move-in ready, creative office space is available for lease at the newly renovated boutique landmark building, 134 Broadway, in the heart of South Williamsburg in Brooklyn. Significant renovations were recently completed on the six-story office building, which features high-end, pre-built, full-floor spaces measuring approximately 5,000 square feet each. NKF Managing Director Whitten Morris, Associate Director Joseph Sipala and Associate Zachary Talve represent the owner and developer, Caspi Development, in the asset's office leasing.

"This asset is the first high-end, pre-built boutique office building to be delivered in the South Williamsburg submarket in many years. The asset's quality is like that of something you would find in Manhattan, and it is now being offered in Brooklyn, which will attract high quality tenants to the full-floor spaces," said NKF's Sipala of the building. 134 Broadway's ground-floor retail tenant will be the recently announced restaurant concept from John Winterman, of the Michelin-star-holding Bâtard, and chef Chris Cipollone. Cosmo Montemurro of Murro Realty represented the unnamed restaurant which is proposed to open in the second quarter of 2020 and will add to South Williamsburg's already exceptional list of eateries, including nearby, iconic Peter Luger Steakhouse.

"This is a pivotal moment in South Williamsburg to get real value in what is becoming a top-tier, prime location. With trains at your doorstep, multiple high-end restaurant offerings abound and views of Manhattan from the elevator-accessed roof terrace you really can't get better for the price," said Josh Caspi of Caspi Development. The company has cultivated an impressive tenant roster at its Manhattan office assets (135 Bowery, 161 Bowery and 79 Walker), leasing to companies such as Publicis, Bang & Olufsen, Au Cheval, Kik Interactive and Uproxx.

134 Broadway features tenant amenities including a rooftop deck overlooking the Williamsburg Bridge and Manhattan skyline; a renovated, double-height lobby; a new elevator; exposed brick walls and ceilings; hardwood floors, high-end finishes and new windows providing abundant natural light.

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents. NKF's investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group's Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

For Media Inquiries Contact:
Deb Bergman
Vice President PR and Communications
Newmark Knight Frank
T 303.260.4307