Mosler, Mirante and Glassman of C&W rep Cohen in 212,594 s/f lease; Weiss, Cabrera and Thuss of C&W rep tenant, Meredith Corp.
November 19, 2010 - Brokerage
In a move to bring its office operations under one roof, Meredith Corp. has leased nine full floors comprising 212,594 s/f for its new corporate headquarters at Charles Cohen's 805 Third Ave.at 50th St.
The company plans to consolidate its offices, currently housed in about the same amount of space but at two separate locations into its new facilities, which will also feature a TV studio for live broadcasts. The relocation is expected to be completed by late 2011. Meredith employs 700 employees in the city.
"This is a company that I've worked with on many occasions and have great admiration for, so when the opportunity presented itself to bring Meredith to 805 Third Avenue as our anchor tenant, I was determined to create the kind of corporate environment needed to get this deal done," said Cohen, president and CEO of Cohen Brothers Realty Corp.
Bruce Mosler, Arthur Mirante and David Glassman of Cushman & Wakefield, the building's leasing agents, represented the landlord while Edward Weiss, Joseph Cabrera and Robert Thuss of Cushman & Wakefield represented Meredith in the long-term leasing transaction for floors 6 and 22 through 29.
With the Meredith signing, the 600,000 s/f, 31-story office tower at 805 Third Ave., which occupies the entire easterly blockfront between 49th and 50th Sts., is over 90% leased.
Other office buildings owned and managed by Cohen Brothers include 623 Fifth Ave., 750 Lexington Ave., 622 Third Ave., 135 East 57th St., 3 Park Ave., 979 Third Ave., 3 East 54th St., and 475 Park Ave. South.