Omnicom expands again at 195 Broadway

TRD New York /
Mar.March 28, 2013 03:30 PM

Advertising giant Omnicom Group continues to grow its footprint inside 195 Broadway, the New York Observer reported. The agency took an additional 26,414 square feet, bringing the total presence to 295,294 square feet. The L&L Holding Company-owned building is now fully occupied.

Asking rent ticked in at $47 per square foot. Omnicom, which first moved to the building in 2007, taking 160,000 square feet, now occupies floors 16 through 20 and 26 through 28. The building has a total of 1.1 million square feet.

Lee Feld of Feld Real Estate represented Omnicom in the deal. The landlord was represented in-house by David Berkey and Andrew Wiener. Berkey told the Observer that another company was eyeing the space.

“We had another deal pending on this space,” he said. “That drove Omnicom to accelerate their decision and ask me to curtail those other negotiations.”

Around this time last year, Omnicom expanded its total presence to 260,000 square feet in a deal for the 17th floor, as previously reported.

Feld could not immediately be reached for comment, the Observer said. [NYO]Zachary Kussin


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Blackstone's Frank Cohen and Amazon CEO Jeff Bezos with the HQ2 site (Getty; Blackstone; Google Maps)

Amazon grows HQ2 site near DC with hotel buy

Amazon grows HQ2 site near DC with hotel buy
A rendering of the WaveGarden (Credit: Bohler via TCPalm)

Florida development will include 800 homes, 600 hotel rooms and 1 giant artificial surf park

Florida development will include 800 homes, 600 hotel rooms and 1 giant artificial surf park
(Realtor)

This Bud’s for you: House lined with beer cans triggers bidding war

This Bud’s for you: House lined with beer cans triggers bidding war
The European Union’s top court backed a Parisian measure that regulates renting second homes on Airbnb. (iStock)

Airbnb hosts in Europe may hit road bump when renting second homes

Airbnb hosts in Europe may hit road bump when renting second homes
Rendering of the Tokyo Tokiwabashi project (Courtesy of Mitsubishi)

Mitsubishi unveils design for Japan’s tallest skyscraper

Mitsubishi unveils design for Japan’s tallest skyscraper
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...