Macmillan Science and Education group is the latest New York City publisher to head for new digs in Lower Manhattan.
The privately-held company has inked a long-term, 176,121-square-foot lease for a new headquarters spot at Brookfield Properties’ One New York Plaza, according to a release from Colliers International, whose Leon Manoff arranged the deal on behalf of Macmillan. The entire Science and Education Group will migrate to the new spot by mid-2015, and will occupy the building’s entire 46th through 48th floors, as well as part of the 45th floor. A total of 950 employees will eventually work in the space.
The move comes as Macmillan Science and Education looks to house its employees in a campus-style setting with an open floor plan and collaborative environment, according to the release. The move follows a similar one by the publisher’s London outpost, which will ultimately move more than 1,500 employees to three renovated historic buildings.
One New York Plaza, which is currently undergoing a $14 million redevelopment to its 40,000-square-foot retail concourse that will add new eateries, a gym, health and beauty store and coffee shop, appealed to the publishing company because of its unobstructed panoramic views and several contiguous large floors, Manoff said in the release.
CBRE Group’s Adam Foster and Peter Turchin represented Brookfield in the transaction. — Julie Strickland