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NEW YORK CITY – Actimize, a leading provider of transactional risk management software for the financial services industry and a NICE Systems (NASDAQ:NICE) company, has leased the entire 23,600-square-foot fifth floor at 1359 Broadway, announces Brian Waterman, executive vice president and principal of Newmark Knight Frank, the building's managing and leasing agent.
The firm, which is currently headquartered at 1250 Broadway, will relocate in the fourth quarter of 2008.
"Actimize is exactly the kind of tenant that ownership had in mind nearly five years ago when the property joined the W&H portfolio and a $54-million, top-to-bottom capital improvements program was undertaken," notes Mr. Waterman. "Thanks to the transformation that resulted, 1359 Broadway now offers a modernized Class-A environment, along with every amenity that a thriving and prestigious business like Actimize might require."
Founded in 1999, Actimize offers enterprise-wide software solutions for brokerage compliance, anti-money laundering, and fraud prevention. The firm is headquartered in New York and has offices in London, Paris, Tel Aviv and Tokyo. Its customers include both mid-sized and global financial institutions on four continents, including six of the top 10 global banks and eight of the top U.S. brokerage firms.
Michael Beyda of Benchmark Properties represented Actimize in the lease negotiations. Mr. Waterman represented the landlord, along with Michael Frantz of Newmark Knight Frank.
Located in the heart of the Penn Plaza/Fashion District at 36th Street, and with a growing reputation as the crown jewel of the area, 1359 Broadway enjoys convenient access to the Long Island Rail Road, New Jersey Transit, Amtrak, the Port Authority Bus Terminal, PATH and fifteen subway lines.
The recently completed renovations program included a noteworthy ceiling restoration; a new lobby; new windows; new restrooms; a new HVAC system; upgraded electrical systems; newer, faster elevator operating systems; new elevator cabs; and refurbished public corridors. It also included a high-end pre-built program that provides tenants with new, clean spaces in move-in condition. These spaces, which are ready for immediate occupancy, feature new ceilings, lighting, and flooring in highly efficient layouts.
Available space at 1359 ranges from pre-built units of approximately 2,500 square feet to a full floor of 23,567 square feet.
Part of the W&H Properties portfolio, 1359 Broadway is owned by Marlboro Building Associates LLC, a partnership led by Peter L. Malkin.
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