L&L Holding signs publisher Abrams to 42K sf in FiDi

Publishing house takes a full floor at 195 Broadway

New York /
Jan.January 05, 2017 10:42 AM

Book publisher Abrams signed a lease for just shy of 42,000 square feet of office space at L&L Holding Company’s 195 Broadway in the Financial District.

Abrams, publisher of children’s titles such as the “Diary of a Wimpy Kid” series, is taking the full ninth floor of the 29-story, 1 million-square-foot building, the Commercial Observer reported.

Abrams will be relocating from 115 West 18th Street. The asking rent in the 15-year deal was $59 per square foot.

L&L TRData LogoTINY bought the property in 2005 for $206 million, and recapitalized it in November alongside Beacon Capital Partners by selling the majority interest to JP Morgan for $498.5 million. The owners pumped $50 million in redeveloping the lobby over an eight-year period, creating 50,000 square feet of retail space.

Drew Nieporent’s trendy Japanese restaurant Nobu signed a 15-year lease for 14,384 square feet on the ground floor in February 2015. The restaurant and clothing store Anthropologie, are expected to open this year.

Other office tenants in the building include advertising-technology company Rocket Fuel, human resources firm Namely and the chic fashion brand Gucci.

L&L leasing director Andrew Wiener represented the landlord in-house, while Mark Mandell and Dan D’Agnes of Cushman & Wakefield negotiated on behalf of Abrams. [CO]Rich Bockmann


Related Articles

arrow_forward_ios
KPF's A. Eugene Kohn and 11 West 42nd Street (Google Maps, KPF)
KPF expands at Tishman Speyer building after sweetener
KPF expands at Tishman Speyer building after sweetener
Tishman Speyer CEO Rob Speyer, Turner Construction CEO Peter Davoren and The Spiral at 66 Hudson Boulevard (Getty, Turner Construction, Tishman Speyer)
Build it and we will come: Turner Construction moves HQ to Tishman Speyer’s Spiral
Build it and we will come: Turner Construction moves HQ to Tishman Speyer’s Spiral
Workers at 750 Third Avenue will soon be able to get medical check-ups at the office. (Google)
Landlords’ next amenity: Office building health care
Landlords’ next amenity: Office building health care
Silverstein leashes BarkBox for 52K sf at 120 Broadway
Silverstein leashes Bark for 52K sf at 120 Broadway
Silverstein leashes Bark for 52K sf at 120 Broadway
Chubb CEO Evan Greenberg, Olayan Group's Suliman Olayan and 550 Madison Avenue (Getty, Olayan, Wikimedia)
First tenant at Olayan Group’s 550 Madison takes 240K sf
First tenant at Olayan Group’s 550 Madison takes 240K sf
Larry Silverstein, 3 World Trade Center and Index Exchange CEO Andrew Casale (Getty, Silverstein, Index Exchange)
Casper signs subtenant for 43K sf at Silverstein’s 3 World Trade
Casper signs subtenant for 43K sf at Silverstein’s 3 World Trade
55 East 52nd Street and Kenneth Fisher (Court Square, Fisher Brothers)
What the financial titans pay at Fisher Brothers’ Park Avenue Plaza
What the financial titans pay at Fisher Brothers’ Park Avenue Plaza
Minskoff’s 1166 Sixth inks 120K sf in leases
Minskoff’s 1166 Sixth inks 120K sf in leases
Minskoff’s 1166 Sixth inks 120K sf in leases
arrow_forward_ios

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

Loading...