Publisher of Billboard, Hollywood Reporter to take space at Twitter’s old 340 Madison digs

Prometheus Global Media moving titles from Vornado's 770 Broadway

New York /
Aug.August 27, 2015 12:43 PM

The media company behind Billboard Magazine, Adweek and the Hollywood Reporter is subleasing 40,000 square feet from Twitter at 340 Madison Avenue in Midtown.

Prometheus Global Media signed a 3.5-year deal with Twitter for the space, located on the sixth floor of RXR Realty’s 22-story, 745,000-square-foot property. The office will house Billboard and the Hollywood Reporter, with those publications moving from Vornado Realty Trust’s 770 Broadway in Midtown South.

Asking rent was in the high-$60s per square foot, according to the New York Observer, with the space becoming available after Twitter moved to new headquarters at New York REIT’s 245-249 West 17th Street.

Prometheus recently signed a 10-year lease for 33,000 square feet in One Worldwide Plaza, at 825 Fifth Avenue in Midtown West, to house publications including Adweek and Mediabistro, The Real Deal reported.

Chris Mongeluzo and E.N. Cutler of Newmark Grubb Knight Frank represented Prometheus in the 340 Madison deal, with Cresa’s Christina Clark and Eric Thomas representing Twitter. [NYO]Rey Mashayekhi


Related Articles

arrow_forward_ios
RXR Realty's Scott Rechler (Getty; iStock)

RXR to raise $1B pandemic fund

RXR to raise $1B pandemic fund
237 Park Avenue and Scott Rechler (Photos via Getty; RXR)

What tenants are paying at RXR and Walton Street Capital’s 237 Park Avenue

What tenants are paying at RXR and Walton Street Capital’s 237 Park Avenue
RXR's Scott Rechler and a rendering of 55-15 Grand Avenue (Getty, RXR Realty)

Amazon’s future Queens warehouse, Robert DeNiro’s film studio among top NYC projects

Amazon’s future Queens warehouse, Robert DeNiro’s film studio among top NYC projects
Twitter CEO Jack Dorsey and Facebook CEO Mark Zuckerberg (Dorsey by Matt Crossick/PA Images via Getty Images; Zuckerberg by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

Silicon Valley embraces “work from anywhere” ethos

Silicon Valley embraces “work from anywhere” ethos
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
Airbnb’s Brian Chesky, RXR Realty’s Scott Rechler and 75 Rockefeller Plaza (Credit: Rechler by Eugene Gologursky/Getty Images, 75 Rockefeller)

Airbnb and RXR nix resi conversion deal at 75 Rock

Airbnb and RXR nix resi conversion deal at 75 Rock
RXR Realty's Scott Rechler and 2413 Third Avenue in the Bronx (Credit: Getty Images; Google Maps)

RXR planning 200-unit South Bronx project

RXR planning 200-unit South Bronx project
James Whelan, Scott Rechler and Jonathan Gray (Credit: Rechler by Eugene Gologursky/Getty Images; Whelan by Axel Dupeux; Gray by Drew Angerer/Getty Images; CDC)

With New York in crisis, real estate pitches in

With New York in crisis, real estate pitches in
arrow_forward_ios

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

Loading...