SunGard lease announced in Midtown Manhattan

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Broadway Partners today announced it has signed Fortune 500 technology company SunGard to an 11-year lease at its Midtown Manhattan building at 340 Madison Ave. The value of the 120,000-square-foot lease deal was not disclosed. SunGard, which provides software and processing solutions for financial services, higher education and the public sector, will occupy three full floors. Broadway Partners purchased 340 Madison Ave. in November 2006 on behalf of its Broadway Partners Value-Added Fund II. The building rises 22 stories and comprises 748,000 square feet of class A space. At the time of signing, the property was nearly 80 percent occupied by tenants that included McDermott Will & Emery, Coach, Massachusetts Mutual Life Insurance, National Financial Partners, Nuveen, and the United States Office of the Comptroller of the Currency. *** What's your opinion? Send your Letter to the Editor to