Publishing house Houghton Mifflin Harcourt is the newest tenant at the Cohen Brothers Realty Corporation’s 3 Park Avenue.
Houghton Mifflin signed a 12-year lease at the building, according to the Wall Street Journal. The Boston-based company will be moving its trade publishing division from 215 Park Avenue South to the new location at 3 Park Avenue, which is located between 33rd and 34th streets, in January 2016. The publisher will occupy the 19th floor and parts of the 18th floor, the newspaper reported.
Asking rents at the tower were in the high $60s.
Creative and technology tenants have been moving into the area. In the past, mostly traditional Park Avenue tenants such as law firms looked to lease space in the neighborhood. [WSJ, 3rd] — Claire Moses