News website and clickbait powerhouse Business Insider struck a four-year deal to sublease 20,646 square feet at the L&L Holdings trophy property 150 Fifth Avenue.
Universal Music Group leases the entire building, near 20th Street, in the Flatiron District. Asking rent is in the low $50s per square foot. CBRE broker Ross Zimbalist represented Business Insider, while Jones Lang LaSalle brokers Sean Black and Bill Peters represented Universal.
Business Insider also subleases roughly 12,000 square feet from Medicaid-managed nonprofit Independence Care Systems at 257 Park Avenue South, the New York Observer reported. [NYO] — Mark Maurer