JSM Music commercial music production company moves from Noho to FiDi – Commercial Watcher
JSM Music, a commercial music production company that produced numerous commercials for the Super Bowl and collaborated with brands such as Budweiser, MasterCard, Kraft and Microsoft, moves further away from the city center.
The company leased 7,176 square feet for the entire 28th floor of the 47-story office tower in 30 Broad Street between Exchange Place and Beaver Street, Commercial Observer has learned and will move from 6,500 square feet to 665 Broadway in Noho on September 1st. The agreement is for 10 years and the asking rent was $ 63 per square foot, according to information provided by Lee & Associates NYC.
âThis award-winning company needed top-notch space to match their high-level missions,â said Lee & Associates NYC Dennis someck, with who Justin myers and Conor Krup represented the tenant in the lease, said in a prepared statement. âThe new space is in a completely renovated building with an updated lobby and elevators. In addition, FiDi has become a major hub for media and production companies and also serves as a major transportation hub. “
Someck said the way the company operated had changed, rendering their existing layout ineffective. He added, âBy building space for their design, they are able to operate much more efficiently. Plus, they can move to a fully renovated full-service building instead of staying in an old-fashioned loft.
Newmark Knight Frank‘s AndrÃ© Peretz, Hal Stein, David Malawer and Daniel Appel represented the owner, Tribeca Associates, in the case. An NKF spokeswoman did not immediately respond with a comment.
Tribeca Associates acquired a 99-year ground lease for the 470,000 square foot building in April 2016 for $ 130 million and then began a $ 30 million renovation of the tower, as CO previously reported. Tenants include a law firm Kaiser Saurborn & Mair and design agency Fantastic Interactive, CO reported last October.