Comcast has signed a roughly 141,000-square-foot lease at 1540 Broadway, according to The Real Deal.
The company is taking floors 27 through 31 at 1540 Broadway in Times Square, giving the building another notable office transaction as work continues on a major renovation. The lease was reported as part of a broader repositioning of the property, which has been undergoing a substantial capital upgrade.
The move appears to be a consolidation and relocation for Comcast’s advertising sales and technology division. For 1540 Broadway, the deal adds a large new commitment at a moment when refreshed Midtown buildings are competing for tenants that want updated space in highly visible locations.
Located in the heart of Times Square, 1540 Broadway has long been one of the area’s better-known office towers. This latest lease suggests that newly upgraded space in major transit-oriented Midtown locations is still drawing demand from large users looking to rethink their footprint.
Tenant: Comcast
Building: 1540 Broadway
Floor: 27 through 31
Lease term: Not disclosed
SF: 141,000