Macmillan Science and Education decamps to FiDi

Company picks up nearly 177,000 square feet on three floors

New York /
Mar.March 25, 2014 05:37 PM

Macmillan Science and Education group is the latest New York City publisher to head for new digs in Lower Manhattan.

The privately-held company has inked a long-term, 176,121-square-foot lease for a new headquarters spot at Brookfield Properties’ One New York Plaza, according to a release from Colliers International, whose Leon Manoff arranged the deal on behalf of Macmillan. The entire Science and Education Group will migrate to the new spot by mid-2015, and will occupy the building’s entire 46th through 48th floors, as well as part of the 45th floor. A total of 950 employees will eventually work in the space.

The move comes as Macmillan Science and Education looks to house its employees in a campus-style setting with an open floor plan and collaborative environment, according to the release. The move follows a similar one by the publisher’s London outpost, which will ultimately move more than 1,500 employees to three renovated historic buildings.

One New York Plaza, which is currently undergoing a $14 million redevelopment to its 40,000-square-foot retail concourse that will add new eateries, a gym, health and beauty store and coffee shop, appealed to the publishing company because of its unobstructed panoramic views and several contiguous large floors, Manoff said in the release.

CBRE Group’s Adam Foster and Peter Turchin represented Brookfield in the transaction. — Julie Strickland


Related Articles

arrow_forward_ios
(iStock)

Manhattan asking retail rents continue downward spiral

Manhattan asking retail rents continue downward spiral
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
One Park Avenue, Empire State Building and 5 Manhattan West (Google Maps, Wikipedia Commons)

Manhattan office availability hits highest rate since 2004

Manhattan office availability hits highest rate since 2004
(iStock)

Manhattan office leasing decline is double that of Great Recession

Manhattan office leasing decline is double that of Great Recession
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
arrow_forward_ios

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

Loading...