Informa will consolidate its offices spread across a handful of buildings in Midtown into three floors at the 1.1 million-square-foot tower, the landlord announced Tuesday.
Asking rent in the 10-year deal was in the low-$70s per square foot, according to Commercial Observer. Informa’s space needs grew after it acquired the events and marketing company Penton last year.
“Informa’s presence in the US has steadily expanded over the last five years,” Informa’s Geoff Scott said in a statement. “Having acquired Penton in late 2016, we have taken the opportunity to bring five of our New York locations together into a single base.”
The company will consolidate offices from 420 Lexington Avenue, 708 Third Avenue and 52 Vanderbilt Avenue, in addition to Penton’s office at 1166 Sixth Avenue, according to the CO. Informa will retain an office at 711 Third Avenue.
Fisher Brothers recently finished up a $25 million capital improvements overhaul at the building the landlord developed in 1963.