Associated Press will move headquarters to FiDi

Global wire service will take 172,000 sf at 200 Liberty Street

TRD New York /
Aug.August 26, 2015 02:05 PM

The Associated Press announced plans to move its global headquarters from its current home on the far west side of Midtown to a smaller space at 200 Liberty Street in the Financial District.

The newswire will take 172,000 square feet at the downtown building, across from the September 11th Memorial, starting in early 2017. The lease will last 21 years.

The new space will be 40 percent smaller than the AP’s current headquarters at 450 West 33rd Street, appropriate for the news cooperative’s smaller headquarters staff. The AP is also looking to avoid a heavy rent increase expected with the rise of Hudson Yards in the neighborhood. Its current rent is $15 million per year.

The new location would be the AP’s 11th corporate headquarters in New York in its nearly 170-year history, the AP said. The organization has operated out of midtown since 1925. About 600 employees will move to the new office, according to an AP spokesperson.

Brookfield Properties owns both the old headquarters and the new. [AP] Ariel Stulberg


Related Articles

arrow_forward_ios
From left: SL Green CEO Marc Holliday, Land & Buildings Investment Management founder Jonathan Litt and Vornado chairman Steven Roth (Unsplash; Land & Buildings Investment Management; Getty)

Activist investor Jonathan Litt is shorting big NYC office landlords

Activist investor Jonathan Litt is shorting big NYC office landlords
WeWork CEO Sandeep Mathrani with WeWork's headquarters at 115 West 18th Street and Twitter CEO Jack Dorsey with Twitter headquarters at 247 West 18th Street (Credit: Google Maps; Getty Images)

Office owners brace for competition — from their tenants

Office owners brace for competition — from their tenants
Twitter CEO Jack Dorsey and 245-249 West 17th Street (Photo by Burhaan Kinu/Hindustan Times via Getty Images)

Twitter, big tenant in Midtown South, says employees can permanently work from home

Twitter, big tenant in Midtown South, says employees can permanently work from home
Brookfield Property Group CEO Brian Kingston (Credit: Brookfield; Unsplash)

Brookfield Property’s Q1 losses come as retail tenants miss payments

Brookfield Property’s Q1 losses come as retail tenants miss payments
Brookfield Property Partners CEO Brian Kingston and two of Brookfield's largest retail assets, Ala Moana Center in Hawaii and Oakbrook Center in Illinois (Credit: Brookfield; iStock)

Behind Brookfield’s critical Covid moment

Behind Brookfield’s critical Covid moment
A rendering of 545 Madison's workspace

Welcome back to your post-corona office. You probably won’t recognize it

Welcome back to your post-corona office. You probably won’t recognize it
From left: Empire State Building, 111 Eighth Avenue and 100 Park Avenue (Credit: Taconic Partners, SL Green) 

Office landlords finding out which tenants are paying up during lockdown

Office landlords finding out which tenants are paying up during lockdown
SL Green CEO Marc Holliday with 400 East 57th Street and 400 East 58th Street (Credit: SL Green, Google Maps)

SL Green puts more properties up for sale to raise cash

SL Green puts more properties up for sale to raise cash
arrow_forward_ios

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

Loading...