CB Richard Ellis arranges 89,413 s/f lease renewal for Parade Publications

CB Richard Ellis (CBRE) has arranged a 10-year, 89,413 s/f lease renewal at 711 Third Ave. on behalf of Parade Publications, Inc. The media company occupies the entire 6th floor and the partial 7th and 15th floors. SL Green Realty Corp. is the landlord and the asking rent was $65 per s/f. Gregory Tosko, vice chairman, CBRE along with Mary Ann Tighe, CEO of CBRE's Tri-State Region, and Ramneek Rikhy, senior financial analyst, represented the tenant. CBRE has also arranged a 15-year, 39,864 s/f lease at 1501 Broadway on behalf of London-based The Regus Group. Paramount Leasehold is the landlord and the asking rent was $69 per s/f. The new center, its 19th in the city, is located on Broadway between West 43rd and West 44th St. The center will be on the 12th floor. Regus is one of the world's largest providers of fully furnished and equipped offices with 950 locations in 70 countries. William Iacovelli, first vice president at CBRE, arranged the lease with Mark Ravesloot, executive vice president. Paul Ippolito, of Newmark Knight Frank, represented Paramount Leasehold.