Paramount finalizes big lease deal with travel group at 1633 Broadway

Travel Leaders Group will take 35 and 36th floors

New York /
Aug.August 08, 2017 10:00 AM

A division of Travel Leaders Group has inked a 16.5-year lease at Paramount Group’s 1633 Broadway.

The travel management company’s “Elite” division, which includes Tzell Travel Group and Protravel International, will move its headquarters to the Midtown office tower, the New York Post reported. Tzell and Protravel plan to take 106,000 square feet on the 35th and 36th floors of the building. The terms of the deal weren’t available, but the asking price for the space was $85 per square foot.

The Real Deal first reported last month that Tzell was close to signing a lease for roughly 90,000 square feet of space in the 2.6-million-square-foot building. Travel Leaders’ new office is part of a contiguous block of space that professional services firm Deloitte left in April.

Colliers International’s Robert Tunis and Eric Ferriello represented Travel Leaders. Paramount Group was represented in-house by Doug Neye and by CBRE’s Stephen Siegel, Paul Amrich, Patrice Meagher, Rob Hill, Howard Fiddle and Emily Jones. [NYP] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
198 Scholes Street, 65 Kent Avenue, 506 DeKalb Avenue and 11 Gunther Place (Illustration by the Real Deal with Getty, Google Maps)
Avi Philipson deal to acquire All Year portfolio is back on
Avi Philipson deal to acquire All Year portfolio is back on
SL Green's Marc Holliday, AECOM's Troy Rudd and 100 Park Avenue (Getty, AECOM, LoopNet)
Construction giant saws off half of Park Avenue office space
Construction giant saws off half of Park Avenue office space
From left: McSam Hotel Group's Sam Chang and SL Green's Marc Holliday with 711 Seventh Avenue  (Getty, Google Mpas, SL Green)
Times Square hotel developer sues neighbors over delayed demolition
Times Square hotel developer sues neighbors over delayed demolition
Mark Zuckerberg with 55 and 30 Hudson Yards
Meta to cut Hudson Yards office space
Meta to cut Hudson Yards office space
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
A photo illustration of the proposed Lower Platte River Corridor (Getty, Plan Preserve Play NE)
Nebraska lawmakers mull digging $1B recreation lake
Nebraska lawmakers mull digging $1B recreation lake
From left: Tishman Speyer CEO Rob Speyer, KKR co-founder Henry Kravis, and a rendering of 341 Ninth Avenue (Getty, Tishman Speyer)
KKR dumps Manhattan office plans
KKR dumps Manhattan office plans
Illustration of Stefan Soloviev (HaydenSoloviev, CC BY-SA 4.0, via Wikimedia Commons, Getty)
Soloviev bets long-dormant Midtown East site in casino sweepstakes
Soloviev bets long-dormant Midtown East site in casino sweepstakes
arrow_forward_ios

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

Loading...