**Arup Relocates NYC Offices to 140 Broadway**
Global sustainable development consultancy Arup has signed a lease for 99,400 square feet at 140 Broadway, a 51-story office tower located in Manhattan’s Financial District. The property is owned by Union Investment.
Arup’s current New York City offices are at 77 Water Street, also in the Financial District. The building’s owner, VanBarton Group, is planning a residential conversion, prompting Arup’s move.
“We’ve decided to relocate our New York office with the goal of inhabiting a new space that sets us up for improved collaboration, greater flexibility and an enhanced ability to partner with and support our local, regional and global clients,” said Kyle Fisher, co-leader for Arup’s New York office.
The leasing deal, which spans 16 and a half years, was co-brokered by Colliers and LegacyNY, according to sources familiar with the agreement. Arup’s lease will help backfill a significant portion of the available office space in the 1.25-million-square-foot tower. Prior to this lease, approximately 300,000 square feet remained available for rent.
