3 Columbus Circle | The Real Deal New York

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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

11/12/18
...into contract to sell a 48.9 percent interest in 3 Columbus Circle to the Moinian Group, which owns the remainder of the property. SL Green expects...

...into contract to sell a 48.9 percent interest in 3 Columbus Circle to the Moinian Group, which owns the remainder of the property. SL Green expects...

08/20/18
...Joseph Moinian and 3 Columbus Circle (Credit: Getty Images and SL Green) The Moinian Group plans to buy SL Green...

08/13/18
...past. The Marc Holliday-led REIT rescued Moinian at 3 Columbus Circle — the only NYC office property he’s developed — back in 2010. The lender, Deutsche Bank...

01/30/18
...past. The Marc Holliday-led REIT rescued Moinian at 3 Columbus Circle — the only NYC office property he’s developed — back in 2010. The lender, Deutsche Bank...

...past. The Marc Holliday-led REIT rescued Moinian at 3 Columbus Circle — the only NYC office property he’s developed — back in 2010. The lender, Deutsche Bank...

11/14/17
...dispute against Related Companies and Deutsche Bank at 3 Columbus Circle. He also represented Yair Levy — who in 2014 was banned from ever selling apartments in...

...dispute against Related Companies and Deutsche Bank at 3 Columbus Circle. He also represented Yair Levy — who in 2014 was banned from ever selling apartments in...

09/29/17
...relocate its offices from the Moinian Group’s 3 Columbus Circle...

02/15/17
...and second floors of SL Green Realty’s 3 Columbus Circle, but in the end decided to use that space for a men’s department...

12/27/16
...Group, which is planning a hotel conversion. 4) Nordstrom, 3 Columbus Circle, $13.5 million The Seattle-based department store had been rumored to be eyeing the Moinian Group...

...at SL Green Realty and Moinian Group’s 3 Columbus Circle last January. Derek Trulson of JLL, which ranked No. 8, and Stephen Stephanou of Crown...

...traded barbs as they wrestled for control of 3 Columbus Circle. Moinian was struggling to restructure the $250 million mortgage on the 26-story building — one of...

09/06/16
The Moinian Group is revving up its retail game with a 60,000-square-foot deal with automotive giant Volvo. Tags: auto row, moinian group...

...will be located at 1778 Broadway, 5 Columbus Circle and 3 Columbus Circle, the heart of the new Nordstrom will sit at the base of the massive...

06/20/16
...locations at two other SL Green buildings at 3 Columbus Circle and 125 Park Avenue, as well as one at 28 West 44th Street, which the landlord...

05/20/16
...significant leases. Nordstrom inked a 43,000-square-foot deal at 3 Columbus Circle. While the data has not quite caught up, brokers said it’s taking longer...

...owners SL Green Realty and Moinian Group at 3 Columbus Circle. To broker or not to broker? The last time TRD ranked commercial mortgage brokers...

02/12/16
...SL Green Realty and the Moinian Group’s 3 Columbus Circle, will not. The store is slated to open in 2019. James Carpenter Design Associates designed...

01/28/16
...From left: Nordstrom and 3 Columbus Circle SL Green Realty announced Wednesday that it had inked a 43,000 square foot deal that...

01/27/16
...with Nordstrom to anchor three retail levels at 3 Columbus Circle, which SL Green owns in partnership with the Moinian Group. The new store “will...

09/30/15
...From left: Nordstrom Rack store and 3 Columbus Circle Nordstrom Rack is looking at a Central Park location just a block away from...

05/27/15
...Joseph Moinian and 3 Columbus Circle in Midtown Joseph Moinian's the Moinian Group has closed a $361 million bond (1.4 billion shekels...

05/13/15
...in Soho, as well as 647 Fifth Avenue and 3 Columbus Circle. Retail asking rents along Greene Street range between $300 and $400 per square foot on average...

10/28/14
...From left: a rendering of 3 Columbus Circle, Joe Moinian and Donatella Versace Versace USA inked a lease at 3 Columbus Circle at...
  • Event Retail Leasing
  • Address 3 Columbus Circle
  • Neighborhood Times Square
  • Borough Manhattan
  • Square feet 3,973
notes
The retail giant signed an expanion lease.
  • 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.
  • 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.
  • Event Retail Leasing
  • Address 3 Columbus Circle
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 24,162
notes
The halloween retailer signed a lease.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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
  • 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
  • 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

retail-feature
05/20/16
...significant leases. Nordstrom inked a 43,000-square-foot deal at 3 Columbus Circle. While the data has not quite caught up, brokers said it’s taking longer...

...owners SL Green Realty and Moinian Group at 3 Columbus Circle. To broker or not to broker? The last time TRD ranked commercial mortgage brokers...

...return calls. 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...