Manoff of Colliers reps tenant in 23,500 s/f lease

Bloomsbury Publishing Inc., the publisher of JK Rowling's Harry Potter series, has signed a long-term 23,500s/f lease for the entire fifth floor at 1385 Broadway. Leon Manoff, a vice chairman with Colliers International, arranged the transaction on behalf of the tenant. Jonathan Serko and Diana Gaines, of Cushman & Wakefield, represented the landlord. Manoff noted that Bloomsbury — which is in expansion mode but has multiple offices in New York City, including its corporate headquarters at 175 Fifth Ave., also known as the Flatiron Building — wanted to bring its entire team together in a single space that was also well located. The publisher is scheduled to move into its new space at 1385 Broadway in the first quarter of 2013. "Being south of Times Sq. even just five years ago may not have made sense for Bloomsbury, but the character of the neighborhood has completely changed to one that corporate users are now gravitating towards," Manoff said. "And with 1385 Broadway, Bloomsbury is moving into an excellent building with great ownership, and one that is in walking distance of all three major transportation hubs." Bloomsbury Publishing is the U.S. subsidiary of Bloomsbury Publishing Plc., a leading independent, worldwide publisher of fiction and non-fiction works. Located on Broadway between West 37th and West 38th Sts., south of Times Sq., the 435,000 s/f office building has emerged as a go-to destination for larger space users in a neighborhood that has transformed from a textile-based tenancy to a more corporate-friendly environment. This is the second full-floor lease Manoff has arranged over the past few months at 1385 Broadway, which recently completed a $55 million major capital improvement and renovation program. He also arranged a long-term lease in the building for Ideeli, which leased 23,500 square feet in the spring. About Colliers International Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 510 offices in 61 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.