Advertising behemoth Interpublic Group is in the final stages of negotiating a lease for an additional 95,000 square feet at 100 West 33rd Street, in the Fashion District, Crain’s reported.
The agency is in talks to lease the entire fourth floor of the building — where they already have 400,000 square feet — for 15 years at rents around $50 per square foot, sources told Crain’s.
Interpublic is parent to numerous subsidiaries, including name brand agencies such as Deutsch and R/GA. It is not known which Interpublic companies would move to the the building, which is owned by real estate investment trust Vornado. [Crain’s] –Guelda Voien