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 opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription