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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
    For more info, click here
    • Event Retail Leasing
    • Address 3 Columbus Circle
    • Neighborhood Times Square
    • Borough Manhattan
    • Square feet 3,973
    notes
    The retail giant signed an expanion lease.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • Event Retail Leasing
    • Address 3 Columbus Circle
    • Neighborhood Midtown
    • Borough Manhattan
    • Square feet 24,162
    notes
    The halloween retailer signed a lease.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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.
    For more info, click here
    • 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
    For more info, click here
    • 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...