Wednesday, 13 May 2026
Union Investment has signed a new office leasing agreement at its 140 Broadway property in New York City, with US personal care company Athena Club taking approximately 1,100 sqm of office space for its expanded headquarters operations.
The eight-year lease will commence in June 2026, with Athena Club more than doubling the size of its existing headquarters footprint within the building. The property is held within Union Investment’s UniImmo: Europa open-ended real estate fund portfolio and has been part of the fund since 2004.
According to Union Investment, the transaction reflects continued demand for upgraded office environments in prime locations despite ongoing challenges in the wider office market.
Ulrich Dischler, Head of Asset Management Overseas at Union Investment, said the company has continued investing in the property to strengthen its appeal to occupiers. Recent improvements include the modernisation of the building’s lobby and the creation of a new communal area covering approximately 930 sqm, featuring food and beverage facilities alongside a conference space capable of accommodating more than 100 people.
Located in Manhattan’s financial district, 140 Broadway is among New York City’s most recognisable office towers. Completed in 1967, the approximately 200-metre-high building has undergone multiple renovations over the years. The property is situated close to Wall Street and the One World Trade Center in Downtown Manhattan.
