Alexandra Farcas 
This week, Signature Bank inked a lease for an additional 20,691 square feet of Midtown Manhattan office space at 1400 Broadway, according to the landlord, Empire State Realty Trust. The deal brings the bank’s footprint at this location to a total of 111,872 square feet.
In September, Signature Bank signed a 15-year lease for 91,980 square feet in the 37-story, Art Deco building at 1400 Broadway, taking over the 6th, 7th and 27th floors. Following this week’s deal, it will occupy the 26th floor as well. Headquartered at 565 Fifth Avenue, the bank plans to consolidate its offices at 29 West 38th Street and 177 Avenue of the Americas into the new space at 1400 Broadway.
The asking rent for the space was between $64 and $67 per square foot, as reported by the Commercial Observer. Signature will be joining companies like Uber and Adjmi Apparel Group in the building.
Colliers International’s Andrew Roos, Michael Cohen and Howard Kaplowitz represented the tenant in the deal. Keith Cody and Leslie Nadel of ESRT, together with a Newmark Knight Frank team consisting of Scott Klau, Erik Harris and Neil Rubin, acted on behalf of the landlord.
“With an expansion only two months after they signed a lease for three full floors at 1400 Broadway, Signature Bank becomes the 155th tenant, totaling more than one million square feet, to expand with ESRT since our IPO in 2013. 1400 Broadway is fully modernized and is a great choice for any office tenant desiring the convenience of Times Square South, which offers easy access to transportation and neighborhood food and shops,” said Thomas P. Durels, ESRT’s Executive Vice President of Real Estate.
