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3 Columbus Circle

3 Columbus Circle
New York, NY 10019
Website
Office, Leasing/Rental

3 Columbus Circle is a 310-foot office skyscraper in Midtown, Manhattan. The original building, known as the Colonnade Building, had only three stories and was constructed in 1923. Four years later, a tower designed by Shreve & Lamb architects was built on top of it. The building is part of Columbus Circle, a traffic circle featuring a Christopher Columbus monument at the southwest corner of Central Park.

In 2011, New York realty company SL Green acquired 48.9% ownership in the building from developer Joseph Moinian who was was facing foreclosure. The sale price was reported to be $500 million. Moinian had originally bought the building in 2004 for $250 million.

Current tenants at the building include Young & Rubicam, who occupy nearly 44% of the building with their 340,000-square-foot headquarters, nearly 215,000 square feet of which Young & Rubicam bought as a commercial condo. Bank of America, Chase Bank, and Gilder Gagnon Howe & Co. also hold leases at the building.

-WP

  • Address 3 Columbus Circle
  • neighborhood Midtown
  • borough Manhattan
  • owner Moinian Group, SL Green Realty
  • owner entity DEVASH LLC
  • height in feet 310
  • floors 25
  • Year Built 1927
  • square feet 618,403
  • block and lot 1-01029-7501
  • BIN 1024900
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  • Event Retail Leasing
  • Address 3 Columbus Circle
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 3,973
notes
The retail giant signed an expanion lease.
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  • Event Retail Leasing
  • Address 3 Columbus Circle
  • Neighborhood Columbus Circle
  • Borough Manhattan
  • Square feet 43,000
notes
The popular department store signed a 23-year lease.
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  • Event Office Leasing
  • Address 3 Columbus Cir
  • Neighborhood Hell's Kitchen
  • Borough Manhattan
  • Square feet 21,342
notes
The fashion brand signed a lease to occupy the 20th floor.
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  • Event Retail Leasing
  • Address 3 Columbus Circle
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 24,162
notes
The halloween retailer signed a lease.
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  • Event Retail Leasing
  • Address 3 Columbus Circle
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 21,159
notes
The drugstore signed a 15-year lease for another location.
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  • Event Office Leasing
  • Address 3 Columbus Circle
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 34,000
  • Price per foot $ 70.00
notes
The global brand agency signed an expansion lease, the New York Post reported.
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  • Event Office Leasing
  • Address 3 Columbus Circle
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 124,760
notes
The advertising firm signed a 20-year lease for floors nine, 10, 18 and 19. In addition, the company purchased an additional 214,372 square feet at the building, also known as 1775 Broadway, as a commercial condominium, Crain's reported.
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  • Event Sales
  • Address 3 Columbus Circle
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 214,372
  • Price $ 144,000,000
  • Price per foot $ 671.73
notes
Floors three through eight of the building sold for about $144 million, or $671 per square foot, the New York Post reported. The buyer also signed a 20-year lease for floors nine, 10, 18 and 19.
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  • Event Financing
  • Address 3 Columbus Circle
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 768,565
  • Price $ 260,000,000
  • Publication Date 06/01/2011
  • Event Date 04/22/2011
  • Party 1 SL Green Realty
  • Party 2 Bank of China
notes
A new five-year $260 million loan was provided to refinance the building. The mortgage has an earn-out option that increases the loan up to $300 million after certain performance thresholds are reached. The $250 million acquisition bridge loan originated in January 2011 by SL Green and Deutsche Bank was also repaid. 26-story office building.
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  • Event Office Leasing
  • Building Name Newsweek Building
  • Address 1775 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,350
  • Price per foot $ 64.00
  • Publication Date 01/01/2008
  • Event Date 11/22/2007
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Adam Haber
  • Party 2 South Bay Partners
  • Party 2 Brokerage Bostick Realty
  • Party 2 Broker Charles Diemar
notes
The insurance-based hedge fund inked a relocation lease. The company is moving from its previous offices in St. Thomas in the US Virgin Islands.
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  • Event Retail Leasing
  • Address 1775 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,717
  • Publication Date 08/01/2007
  • Event Date 06/22/2007
  • Party 1 Moinian Group
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Michael Dreizen, Andrew Udis
  • Party 2 Shobha Threading
  • Party 2 Brokerage Newmark Grubb Knight Frank
  • Party 2 Broker Stephanie Guernsey
notes
The salon leased space.
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  • Event Office Leasing
  • Building Name Newsweek Building
  • Address 1775 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 10,132
notes
The tenant inked a five-year renewal and expansion lease.
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  • Event Office Leasing
  • Building Name Newsweek Building
  • Address 1775 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,565
  • Publication Date 01/01/2007
  • Event Date 11/22/2006
  • Party 1 Moinian Group
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Michael Dreizen
  • Party 2 Xerox Corporation
  • Party 2 Brokerage JLL
  • Party 2 Broker Kenneth Braver
notes
The tenant signed a lease renewal.
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  • Event Office Leasing
  • Building Name Newsweek Building
  • Address 1775 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 36,000
  • Publication Date 12/01/2006
  • Event Date 10/22/2006
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 2 Gilder Gagnon Howe & Company
  • Party 2 Brokerage CBRE
  • Party 2 Broker James Emden, Alan Desino
notes
The investment firm inked a 10-year renewal and expansion lease for the entire 24th to 26th floors. The expansion secures the portion of the 24th floor that had previously been occupied by another tenant.
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  • Event Office Leasing
  • Building Name Newsweek Building
  • Address 1775 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 2,000
  • Publication Date 09/01/2005
  • Event Date 07/23/2005
  • Party 1 Brokerage Newmark Grubb Knight Frank
  • Party 1 Broker Michael Dreizen
  • Party 2 MEC Management
  • Party 2 Brokerage Hidrock Realty
  • Party 2 Broker Matthew Dweck
notes
Real estate management firm takes space
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  • Event Office Leasing
  • Building Name Newsweek Building
  • Address 1775 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 5,927
  • Publication Date 11/01/2004
  • Event Date 09/22/2004
  • Party 1 Devash
  • Party 1 Brokerage Rolfe Group
  • Party 1 Broker Laurence Meltzer
  • Party 2 Diamond, Wohl, Fried, Roth & Co
  • Party 2 Brokerage Grubb & Ellis
  • Party 2 Broker Barrett Stern
For more info, click here
  • Event Office Leasing
  • Building Name Newsweek Building
  • Address 1775 Broadway
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 28,000
  • Publication Date 07/01/2004
  • Event Date 05/22/2004
  • Party 1 Telemundo
  • Party 1 Brokerage Cushman & Wakefield
  • Party 2 Beth Israel Medical Center
  • Party 2 Brokerage GVA Williams Real Estate
  • Party 2 Broker Brian Given
notes
Hospice division of hospital signs sublease for office space

Top 10 most valuable retail leases of 2016
12/27/2016
Correction: A previous version of this post erroneously omitted Nordstrom's lease at 3 Columbus Circle...

Manhattan's top retail brokerages
12/01/2016
And in another major deal, Nordstrom signed a 43,000-square-foot lease at SL Green Realty and Moinian Group’s 3 Columbus Circle last January...

Scorecard: Retail tenants spooked by high rents
05/20/2016
But that doesn’t mean activity is at a standstill. Some tenants have signed significant leases. Nordstrom inked a 43,000-square-foot deal at 3 Columbus Circle...

Eastdil, Meridian tighten lock on NYC mortgage brokerage world
05/01/2016
“It’s going to be worse this year,” said Verrone, who during the early aughts earned the nickname “large loan” Verrone. His firm’s largest deal was a $350 million loan taken by owners SL Green Realty and Moinian Group at 3 Columbus Circle...

Retail’s ‘crystal ceiling’
01/01/2014
Meanwhile, CVS took 25,000 square feet at 3 Columbus Circle, while grocer Jubilee Marketplace inked a deal for 25,000 square feet at 5 East 17th Street, in the Union Square area...