Crossmedia takes two floors at 275 Seventh

Media agency inked 10-year lease for 22K sf

New York /
Mar.March 24, 2017 10:35 AM

Media advertising agency Crossmedia inked a deal for 22,000 square feet at 275 Seventh Avenue in the heart of Midtown South’s TAMI hub.

The company signed a 10-year lease last month to occupy the top two floors of the property, which is located between West 25th and West 26th streets. Crossmedia will relocate from 22 West 23rd Street this summer, Commercial Observer reported.

275 Seventh, a 28-story building spanning 600,000 square feet, is owned by labor union and AFL-CIO affiliate Unite Here. The landlord was represented by CBRE’s Ross Zimbalist and Brian Dooley, as well as Tishman Real Estate Services’ Joe Simone, James Fitzgerald and Corinne Walker. Newmark Grubb Knight Frank’s Greg Wang and Eric Cagner represented Crossmedia.

Over the past three years, Unite Here has leased 150,000 square feet to TAMI clients at 275 Seventh, where tenants include Haymarket Media Group, FreeWheel Media and Abrams Artists Agency. It intends to build out the remaining vacant offices to hopefully draw in additional TAMI and other tenants.

The asking rent at 275 Seventh was not disclosed.

Between 2009 and 2016, overall asking rents in Midtown South rose 45 percent. The average asking rent for Class A office space in Midtown South was $83.19 per square foot late last year, according to JLL.  [CO]E.B. Solomont


Related Articles

arrow_forward_ios
Democrats' numerous attempts to close the carried-interest loophole have failed
Developers, rejoice: Carried-interest loophole is saved again
Developers, rejoice: Carried-interest loophole is saved again
257-263 West 34th Street and Cornell Realty’s Isaac Hager (Google Maps, Getty)
Isaac Hager seeks bankruptcy for Penn Plaza stake, but Churchill resists
Isaac Hager seeks bankruptcy for Penn Plaza stake, but Churchill resists
RXR CEO Scott Rechler and 620 Sixth Avenue (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images, Beyond My Ken, CC BY-SA 4.0 - via Wikimedia Commons)
RXR sues insurers over infectious disease coverage
RXR sues insurers over infectious disease coverage
(Illustration by The Real Deal with Getty Images)
Hamptons rental where fire killed 2 skipped safety inspection
Hamptons rental where fire killed 2 skipped safety inspection
Colette at 767 Fifth Avenue and restaurateur Juan Santa Cruz (Colette, Getty,Pablo Costa Tirado (…, CC BY-SA 3.0, via Wikimedia Commons)
Want to join Safra’s private club at GM Building? It’ll cost you $125K
Want to join Safra’s private club at GM Building? It’ll cost you $125K
Tavros Capital’s Nicholas Silvers and Charney Companies’ Sam Charney in front of 24-05 thru 24-19 Jackson Avenue in Long Island City (Getty Images, Tavros Capital, Charney Companies, Google Maps)
Tavros, Charney plan 55-story rental on long-stalled site
Tavros, Charney plan 55-story rental on long-stalled site
A photo illustration of 450 Park Avenue (left) and 8 Spruce Street (right) (Douglas Elliman, Reading Tom, CC BY 2.0 - via Wikimedia Commons, Getty Images)
CRE investment sales hit $21B in first half of 2022: report
CRE investment sales hit $21B in first half of 2022: report
Planet FItness' Chris Rondeau with 177 Old Country Road (Planet Fitness, Google Maps)
Planet Fitness filling Long Island’s retail vacuum
Planet Fitness filling Long Island’s retail vacuum
arrow_forward_ios

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

Loading...