Real estate company Corem has signed a lease for the final 770 square meters of office space at 1245 Broadway in New York, bringing the property to full occupancy.

The tenant is simultaneously expanding its footprint to a total of 2,140 square meters under a new five-year lease agreement. The property's annual contract value now stands at approximately 20 million dollars.

Following the completion of the project and the finalization of the leasing process, Corem has also fully repaid the construction loan of approximately 78.5 million dollars.