Hollywood talent agency signs at FiDi tower 140 Broadway

Paradigm taking 51K square feet at 51-story property

New York /
Jun.June 16, 2016 01:04 PM

Paradigm Talent Agency, the firm that represents Hollywood stars like Adrien Brody and Antonio Banderas, is relocating from Midtown South to Union Investment Real Estate’s 140 Broadway, where the firm signed a lease for 50,600 square feet at the 51-story tower.

The full-service entertainment agency took the full 26th and 27th floors in the 10-year deal at the landmarked 1.17 million-square-foot tower, which also goes by the stage names the Marine Midland Building and the HSBC Bank Building.

The asking rent was $65 per square foot, according to CoStar.

“With these 25,000-square-foot floor plates, there’s great light and air and views all the way around,” said Cushman & Wakefield’s Robert Constable, who represented the landlord in the deal along with colleagues Myles Fennon and Louis D’Avanzo.

Paradigm will be consolidating two offices from 360 Park Avenue South, where it has 22,500 square feet on a sublease from Reed Elsevier, and a smaller office in Dumbo at Two Trees Management’s 55 Washington Street.

Sacha Zarba and Ramsey Feher of CBRE represented Paradigm.

Union Investment Real Estate, the property arm of Germany’s DZ Bank Group, negotiated with anchor tenant Brown Brothers Harriman & Company to free up some space on the ground level of the building, where it is adding several thousand square feet of retail on the ground floor and lower level.

Constable said the agency team has leases out with a fitness center and café to serve as amenities for the office tenants.

The Skidmore, Owings & Merrill-designed building, completed in 1967 and designated a city landmark in 2013, is known for the distinctive red cube sculpture by Isamu Noguchi adorning its plaza.


Related Articles

arrow_forward_ios
Interior and exterior renderings courtesy of Urbanspace.

Urbanspace inks lease for Financial District food hall

Urbanspace inks lease for Financial District food hall
Cindat Capital Management CEO Greg Peng and Hersha Hospitality Trust CEO Jay Shah with 51 Nassau Street (Google Maps)

7 Manhattan hotels head to auction block

7 Manhattan hotels head to auction block
84 William Street with Vanbarton Group's Gary Tischler and Richard Coles (Google Maps)

Vanbarton takes control of Prodigy Network’s William Street hotel

Vanbarton takes control of Prodigy Network’s William Street hotel
 8 Spruce Street and Brookfield's Bruce Flatt (New York by Gehry, iStock, Brookfield)

Bad year: 1 in 5 units at Gehry skyscraper goes vacant

Bad year: 1 in 5 units at Gehry skyscraper goes vacant
90 William Street (Google Maps; iStock)

Court puts condo investors on the hook for shoddy construction

Court puts condo investors on the hook for shoddy construction
Four New York Plaza (Photo via Hines)

Four New York Plaza office tower hits the market

Four New York Plaza office tower hits the market
Sales prices in the Financial District prove to be an outlier in Lower Manhattan and the borough as whole (iStock)

Financial District sales price jumped 123% last quarter: report

Financial District sales price jumped 123% last quarter: report
161 Maiden Lane and Fortis CEO Jonathan Landau (Google Maps; Fortis)

Construction loan tied to “leaning” Seaport condo up for sale

Construction loan tied to “leaning” Seaport condo up for sale
arrow_forward_ios

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

Loading...