After months of negotiations, media giant Time Inc. has finally made it official with a lease at Brookfield Office Properties’ 225 Liberty Street, where it will take 700,000 square feet.
The company initially was in talks for between 575,000 square feet and 650,000 square feet. The move would take Time Inc. Downtown from the Time & Life Building at 1271 Sixth Avenue in Midtown, and allows them to pay lower rents. [more]