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

TRD 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
Vornado chairman Steven Roth and Related chairman Stephen Ross (Roth by Misha Friedman/Getty Images; Ross by Mark Brown/Getty Images)

Protesters revisit Steven Roth, Stephen Ross and other NY billionaires

Protesters revisit Steven Roth, Stephen Ross and other NY billionaires
Steve Roth and 220 Central Park South (Getty)

Vornado’s 220 CPS sees $100M deal at staggering $12,000 a foot

Vornado’s 220 CPS sees $100M deal at staggering $12,000 a foot
Vornado CEO Steven Roth with 1540 and 1535 Broadway (Getty, VNO, Wikipedia)

Vornado: Coronavirus responsible for $306M loss on value of prized retail JV

Vornado: Coronavirus responsible for $306M loss on value of prized retail JV
(Getty)

J.C. Penney implosion hits two New York City malls

J.C. Penney implosion hits two New York City malls
150 East 86th Street (Google Maps)

Barnes & Noble closing on Upper East Side

Barnes & Noble closing on Upper East Side
arrow_forward_ios

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

Loading...