YONKERS, N.Y. (June 4, 2020) – The U.S. General Services Administration has extended its lease at 20 South Broadway, an iconic office building in the City of Yonkers. The long-term extension for 11,953 square feet comprises the entire fifth floor and a portion of the fourth floor. The space will house the Social Security Administration, which will relocate from the 10th floor into a state-of-the-art facility to be constructed.
20 South Broadway is situated in the heart of Yonkers, within a short walk of the Metro-North station, and offers sweeping views of the Hudson River. Located on major bus routes, it also is adjacent to a municipal parking structure. It is the premier building for governmental agencies and many not-for-profit organizations, and tenants include Bank of America, Westchester Community College, Westchester County Department of Health, Family Services of Westchester, Mental Health Association, Planned Parenthood, Visiting Nurse Service of New York and Yonkers Community Action Program.
“This lease is an affirmation of the value that we are creating at 20 South Broadway,’’ said Daniel Wiener, Senior Managing Director of Chestnut Commercial, owner of the building. “It shows that this important governmental agency appreciates the quality of the building, its central location, access to public transportation, on-site parking and professional property management.”
Howard E. Greenberg is President of Howard Properties Ltd., the exclusive leasing agent for 20 South Broadway. He said the timing of the transaction is testament to the dedication and “hands-on ownership” at 20 South Broadway. “We closed this deal during the lockdown period,” said Greenberg, who represented both the General Services Administration and ownership. “The entire Chestnut Commercial team mobilized and accomplished finalizing test fits, negotiating the lease document and executing documents in about ten days while working from home.”
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Founded in 1997, Chestnut Commercial chestnutcommercial.com is a family owned real estate firm that owns and manages properties throughout Brooklyn, the Bronx, Manhattan and Yonkers, New York.