04/23/2026 | Press release | Distributed by Public on 04/24/2026 09:42
NEW YORK, April 7, 2026 - JLL announced today that it has leased 45,433 square feet on behalf of ZG Capital in a series of deals at 1450 Broadway, bringing the property close to 90% occupied.
Recent leasing activity includes:
Owned by ZG Capital Partners, a New York-based real estate investment firm led by Bobby Zar, the 42-story Class A Bryant Park property has been repositioned as a vertical campus for boutique creative, tech and financial tenants seeking a transit-centric location in a building flush with amenities.
The 430,000-square-foot building that overlooks Times Square underwent an extensive renovation in 2012 that included a contemporary new lobby and upgraded building mechanicals. Ownership added a second-floor amenity space featuring conference, meeting and lounge spaces in 2025 and recently unveiled plans for further upgrades and prebuilt spaces on the first floor as leasing momentum continues.
A second amenity lounge and conference facility will be added to the first floor to meet increased demand from the expanded roster of tenants, and ownership will launch a new round of prebuilt suites ranging from 2,000 to 4,000 square feet on the first floor. Additional full-floor prebuilt opportunities are also available on the 3rd floor (17,296 RSF), 14th floor (15,674 RSF), and 25th floor (7,735 RSF). Asking rents range from $60-$85 per RSF.
"Ownership has taken a highly thoughtful, tenant-first approach at 1450 Broadway, continuously evolving the building based on direct feedback from occupiers," said Mitchell Konsker, Vice Chairman at JLL, who leads an agency team that represents ownership and includes Executive Managing Director Greg Wang and Senior Vice Presidents Thomas Swartz and Lance Yasinsky.
"By delivering high-quality prebuilt spaces and expanding amenity offerings that align with how today's boutique companies operate, they are creating an environment that resonates in the market and that is clearly translating into strong leasing velocity," Konsker added.
The tower's location near Times Square in the heart of Midtown Manhattan offers proximity to major transit hubs, restaurants, retail, and entertainment, assets that have brought vacancy in the submarket to near record lows. According to JLL research, Midtown vacancy reached 9.5% in Q4 2025 in a market driven by small format leasing by agile occupiers in technology, media, and professional services prioritizing flexibility and efficient footprints.
JLL is a leader in the New York tri-state commercial real estate market, with more than 2,600 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.
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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.