Conde Nast jettisons office space

Magazine giant Conde Nast is shedding office space at 485 Lexington Avenue, the New York Post reported. The company has subleased more than 54,000 square feet at the building, which houses its Golf Digest publication, to Edison Schools, a company providing commercial management of public schools. The asking rent was $45, and Conde Nast’s lease had 13 years left. It is not known how much rent Conde Nast was paying or where the staffers from 485 Lexington will be moved.