JLL has completed a new, direct transaction for Demos.org at 80 Broad Street with building owner Broad Street Development LLC. The public policy organization signed a lease for 16,500 square feet at the 423,403-square-foot,Class A office building in Downtown Manhattan.

The tenant, Demos, was represented by Ellen Herman and Jason Schwartzenberg, executive vice presidents, both with JLL. Building owner Broad Street Development was represented in-house by Ramona Huegel, director.

“Demos is a public policy organization working for an America where we all have an equal say in our democracy and an equal chance in our economy,” said Herman. “The thriving organization sought a new location that could accommodate its entire staff on a single floor. Following a thorough evaluation of the market, JLL found the ideal space for Demos at 80 Broad Street, securing a cost effective solution for the relocation of its New York headquarters.”

Demos inked a 10-year lease for 16,500 square feet and will occupy the entire fourth floor at 80 Broad Street, which is located between Stone and Beaver streets in Lower Manhattan. The public policy organization is relocating to the building from its previous offices at 220 Fifth Avenue.

The 36-story 80 Broad Street, also known as the Maritime Exchange Building, was designed by Sloan & Robertson and constructed in 1931. Broad Street Development acquired the office building from Savanna Investment Fund in mid-2014. The previous owners completed a major renovation of 80 Broad Street in 2007, with the effort including new two-story clear glass entrance and storefronts, new concierge/security desk, new elevator mechanicals and cabs, upgraded fire/life safety and electrical systems, a messenger center with new, separate freight entrance for all deliveries, a new cooling tower, and turnstiles.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,300 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2015, the New York tri-state team completed approximately 32.6 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $8.2 billion; managed projects valued at $7.8 billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 141 million square feet.

About JLL

JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.