Macklowe adds tech tenant to 386 Park Avenue South

New York /
Dec.December 11, 2013 04:25 PM

Digital company NewsCred has inked a deal for over 13,000 square feet at William Macklowe’s 386 Park Avenue.

The company, which powers content marketing and news syndication, signed for the entire sixth floor of the 22-story building, a spread of 13,121 square feet, Real Estate Weekly reported. Relocating from its current spot at 27 West 24th Street, NewsCred expects to move into the new digs by the second quarter of 2014.

Asking rents were in the $55 to $72 per square foot range, REW reported.

Elie Reiss of Skylight Leasing represented the tenant in the deal, while CBRE agents Paul Amrich, Neil King, Ross Zimbalist and David Young represented partner owners William Macklowe Company and Principal Real Estate Investors.

NewsCred follows investment management firm Impact Republic’s move to the building earlier this year, in which the company nabbed 11,607 square feet on the 18th floor. Macklowe purchased the office tower for $120 million in 2012, buying from previous owners Savanna and minority partner Monday Properties. [REW]Julie Strickland


Related Articles

arrow_forward_ios
Shadow inventory in Manhattan’s flex-office market is contributing to the rising overall availability rate (iStock)

WeWork and Co’s woes add to rising shadow office inventory

WeWork and Co’s woes add to rising shadow office inventory
CBRE CEO Robert Sulentic (iStock)

CBRE lowers SPAC IPO valuation target to $350M

CBRE lowers SPAC IPO valuation target to $350M
CBRE CEO Robert Sulentic (Getty, iStock)

CBRE latest real estate firm to hop on SPAC bandwagon

CBRE latest real estate firm to hop on SPAC bandwagon
CBRE CEO Bob Sulentic; the firm has shifted its global HQ from LA to Dallas. (CBRE, Getty)

“Sad day” in LA: CBRE’s corporate exit latest blow to dented office market

“Sad day” in LA: CBRE’s corporate exit latest blow to dented office market
JLL CEO Christian Ulbrich and CBRE CEO Bob Sulentic (Getty; CBRE; Pixabay)

JLL, CBRE keep cutting as recovery drags

JLL, CBRE keep cutting as recovery drags
Bob Sulentic (Getty, iStock)

CBRE income falls nearly 10%

CBRE income falls nearly 10%
CBRE CEO Robert Sulentic and the Dallas HQ building at 2100 McKinney Avenue in Texas (CBRE; Google Maps)

CBRE moving HQ from LA to Dallas

CBRE moving HQ from LA to Dallas
(Getty)

Manhattan retail asking rents fall to nine-year low

Manhattan retail asking rents fall to nine-year low
arrow_forward_ios

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

Loading...