Information-serivces firm takes 60K sf in Midtown, will consolidate offices

Informa grabs space at Fisher Brothers' 605 Third Ave.

TRD NEW YORK /
Aug.August 22, 2017 04:20 PM

Winston Fisher and 605 Third Avenue (Credit: Twitter and Fisher Brothers)

Information-services firm Informa signed a lease for nearly 60,000 square feet at Fisher Brothers’ Midtown office tower at 605 Third Avenue.

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.

Other tenants in the building include Univison, AECOM, the United Nations Population fund and the law firms Davidoff Hutcher & Citron, Jones Day and Katsky Korins. [CO]Rich Bockmann


Related Articles

arrow_forward_ios
Sharif El-Gamal (Photo by Desiree Navarro/WireImage)

WATCH: Developer Sharif El-Gamal has Covid-19. But he’s one of the lucky ones

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

Governor Andrew Cuomo (Photo by Spencer Platt/Getty Images; iStock)

Cuomo’s foreclosure, mortgage moratorium has no teeth

From left: Realogy's Ryan Schneider, Cushman & Wakefield's Brett White and Newmark Knight Frank's Barry Gosin (Credit: iStock)

Brokerage stocks plunge amid market turmoil

Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze

Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

LA mayor orders a moratorium on commercial evictions

Mayor Bill de Blasio and Westchester Square Hospital in the Bronx (Credit: Lev Radin/Pacific Press/LightRocket via Getty Images; Google Maps)

New York City seeking sites for coronavirus triage centers

arrow_forward_ios
Loading...