{"id":318113,"date":"2026-08-10T21:52:22","date_gmt":"2026-08-10T21:52:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/318113\/"},"modified":"2026-08-10T21:52:22","modified_gmt":"2026-08-10T21:52:22","slug":"alliance-for-downtown-new-york-inks-14k-sf-at-42-broadway-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/318113\/","title":{"rendered":"Alliance for Downtown New York Inks 14K SF at 42 Broadway \u2013 Commercial Observer"},"content":{"rendered":"<p>Nonprofit group <a href=\"https:\/\/commercialobserver.com\/company\/alliance-for-downtown-new-york\/\" title=\"Alliance For Downtown New York\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Alliance For Downtown New York<\/a> has expanded its Lower Manhattan footprint to 42 Broadway.<\/p>\n<p>The Downtown Alliance, which manages the area\u2019s business improvement district, secured a 14,420-square-foot lease at the Financial District tower, according to a recent <a href=\"https:\/\/commercialobserver.com\/company\/cbre\/\" title=\"CBRE\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">CBRE<\/a> office market report.\u00a0<\/p>\n<p>SEE ALSO: <a href=\"https:\/\/commercialobserver.com\/2026\/08\/greenberg-traurig-related-ross-west-palm-beach-15-cityplace\/\" rel=\"nofollow noopener\" target=\"_blank\">Law Firm Greenberg Traurig Takes 25K SF at Related Ross Dev in West Palm<\/a><\/p>\n<p>The Downtown Alliance plans to relocate its operations division to the 22-story office building, a spokesperson for the nonprofit told CO. The nonprofit\u2019s corporate headquarters remain housed roughly three blocks north at <a href=\"https:\/\/commercialobserver.com\/company\/silverstein-properties\/\" title=\"Silverstein Properties\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">Silverstein Properties<\/a>\u2019 120 Broadway.<\/p>\n<p><a href=\"https:\/\/commercialobserver.com\/company\/jll\/\" title=\"JLL\" class=\"company-link\" rel=\"nofollow noopener\" target=\"_blank\">JLL<\/a>\u2019s John Wheeler and his team at JLL represented the tenant in the negotiations. A spokesperson for the team did not respond immediately to a request for comment.\u00a0<\/p>\n<p>The lease terms were not disclosed, but office asking rents in Lower Manhattan averaged $61.91 per square foot in July, according to the CBRE report.<\/p>\n<p>A spokesperson for the landlord, Avi Schron\u2018s Cammeby\u2019s International Group, confirmed the recent transaction to CO, adding that the space is still under construction. It was not immediately clear whether Cammeby\u2019s International Group worked with any outside brokers.\u00a0<\/p>\n<p>Cammeby\u2019s 42 Broadway is located near the intersection of Broadway and Morris Street. Appellate service organization Office of the Appellate Defender relocated there in November, joining a tenant roster that includes <a href=\"https:\/\/commercialobserver.com\/2013\/11\/tko-suites-to-open-second-nyc-location-at-42-broadway\/\" rel=\"nofollow noopener\" target=\"_blank\">office suite provider<\/a> TKO Suites, chiropractor Prestige Health and Wellness, dental practice DDS Group and cafe Gregorys Coffee.<\/p>\n<p>Emily Davis can be reached at <a href=\"https:\/\/commercialobserver.com\/2026\/08\/alliance-for-downtown-new-york-lease-42-broadway\/mailto:edavis@commercialobserver.com\" rel=\"nofollow noopener\" target=\"_blank\">edavis@commercialobserver.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Nonprofit group Alliance For Downtown New York has expanded its Lower Manhattan footprint to 42 Broadway. The Downtown&hellip;\n","protected":false},"author":2,"featured_media":318114,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[80762,120010,69153,120011,2361,9,11,10,2362],"class_list":["post-318113","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-120-broadway","tag-42-broadway","tag-avi-schron","tag-john-wheeler-channel","tag-leases","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-office-leases"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/318113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=318113"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/318113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/318114"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=318113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=318113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=318113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}