Associated Press will move headquarters to FiDi

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

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
Though a majority of business leaders think hybrid work is here to stay, only 40% have taken steps to establish a plan for the arrangement’s future, (iStock)
Landlords beware: Office tenants procrastinating on hybrid planning
Landlords beware: Office tenants procrastinating on hybrid planning
How NYC’s top real estate law firms got creative in an unusual year
How NYC’s top real estate law firms got creative in an unusual year
How NYC’s top real estate law firms got creative in an unusual year
Midtown South leads Manhattan’s office market recovery: report
Midtown South leads Manhattan’s office market recovery: report
Midtown South leads Manhattan’s office market recovery: report
40 10th Avenue
Aurora’s Solar Carve office building scores $300M refi
Aurora’s Solar Carve office building scores $300M refi
The total leasing volume was also boosted by mega renewals (Getty)
Manhattan office leasing up 60% in Q3
Manhattan office leasing up 60% in Q3
WATCH: Creating The Post-Covid Office
WATCH: Creating The Post-Covid Office
WATCH: Creating The Post-Covid Office
Google CEO Sundar Pichai and St. John’s Terminal at 500 Washington Street (Getty, COOKFOX Architects)
Google’s $2B deal spurs optimism for NYC’s pandemic-battered office market
Google’s $2B deal spurs optimism for NYC’s pandemic-battered office market
Flight to quality in office real estate leaves trophy buildings the only winners
Flight to quality in office real estate leaves trophy buildings the only winners
Flight to quality in office real estate leaves trophy buildings the only winners
arrow_forward_ios

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

Loading...