In a heartening sign for the post-Sandy Lower Manhattan office market, HarperCollins Publishers is in talks to sign a roughly 200,000-square-foot lease at 195 Broadway, Crain’s reported.
Built in 1916, 195 Broadway is the erstwhile headquarters of AT&T and Western Union. The 29-story tower is located between Dey and Fulton streets. As The Real Deal previously reported, HarperCollins’ 240,000-square-foot lease at 10 East 53rd Street in Midtown expires in 2014.
The Lower Manhattan office market is showing a resurgence after being battered by Hurricane Sandy, which shuttered many office buildings in the area. Media and market research company GfK USA is expected to lease a 77,000 square-foot-space at Brookfield Place, the complex formerly known as World Financial Center. And at 3 Brookfield Place, office suite company Regus just signed an 11-year, 55,000-square-foot lease.
Longtime tenants have also opted to stay put in the area. Transatlantic Reinsurance just signed a 15-year, 133,000 square-foot-lease at 1 Liberty Plaza, a block away from 195 Broadway [Crain’s]– Hiten Samtani