IPG inks huge expansion at Vornado’s 909 Third

Ad giant signs up for further 112K sf; footprint in building now more than 330,000 sf

New York /
Apr.April 17, 2015 02:40 PM

The Interpublic Group, one of the “big four” global advertising shops, is expanding its Third Avenue footprint by more than 100,000 square feet, The Real Deal has learned.

The advertising giant ­– whose brands include McCaan Erickson, R/GA and Donny Deutsch’s Deutsch, Inc. – is moving its corporate group from Brookfield Office Properties’ 1114 Avenue of the Americas, otherwise known as the Grace Building, to Vornado Realty Trust’s 909 Third Avenue, where the ad firm already occupies some 220,000 square feet.

IPG will be subleasing 112,300 square feet on the 23rd through 25th floors and part of the 20th floor from Forest Laboratories.

JLL’s Scott Panzer, Robert Romano and Shannon Rzeznikiewicz  represented the tenant. A CBRE team led by Howard Fiddle represented Forest Laboratories. Details about the rent were not divulged, but according to CompStak two recent subleases in the building rented in the $40s per square foot.

A number of Interpublic agencies, including the high-profile public relations firm Weber Shandwick, made the move to Vornado’s building in the summer of 2012 when they outgrew their space at nearby 919 Third Avenue.

In January, IPG inked a deal to expand to more than 278,000 square feet at Brookfield’s 450 West 33rd Street, also known as 5 Manhattan West, as TRD reported.


Related Articles

arrow_forward_ios
Vornado's Steve Roth and 220 Central Park South (Credit: Getty Images, iStock)
Free and clear: Vornado pays off debt at 220 CPS
Free and clear: Vornado pays off debt at 220 CPS
Vornado chairman and CEO Steven Roth, and 608 Fifth Avenue (Credit: Getty Images)
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
“Negative surprises”: Vornado execs talk retail struggles on Q2 earnings call
Steven Roth, CEO of Vornado and 640 Fifth Avenue (Credit: Getty Images and Vornado Realty Trust)
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Bank of China issues $500M to Vornado in refi of 640 Fifth Avenue
Photo illustration of Vornado CEO Steven Roth and Hotel Pennsylvania at 401 Seventh Avenue (Getty, iStock, Vornado)
“Inevitable”: Vornado will demolish Hotel Pennsylvania
“Inevitable”: Vornado will demolish Hotel Pennsylvania
Unit 55B of Central Park South and Steve Roth of Vornado Realty Trust. (Compass, Vornado, Getty)
220 Central Park South’s first resale in the works
220 Central Park South’s first resale in the works
Equitable CEO Mark Pearson and Fisher Brothers’ CEO Ken Fisher with 1345 Avenue of the Americas (Google Maps)
Equitable Life Insurance inks 130K sf lease for new office
Equitable Life Insurance inks 130K sf lease for new office
Vornado's Steve Roth, 555 California Street in San Francisco and Donald Trump (Getty, Wikipedia Commons)
Vornado, Trump Org lock in big renewals at SF office tower
Vornado, Trump Org lock in big renewals at SF office tower
Photo illustration of Vornado CEO Steven Roth, (Getty, iStock/Illustration by Kevin Rebong for The Real Deal)
Vornado’s effort to dump Trump was “news to me”: Steve Roth
Vornado’s effort to dump Trump was “news to me”: Steve Roth
arrow_forward_ios

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

Loading...