Lease Beat

Marketing Agency Expands at 250 Hudson Street

250 Hudson Street.

Interpublic Group of Companies has signed a lease for an additional 4,011 square feet at Jack Resnick & Sons250 Hudson Street in Hudson Square, bringing the company’s total footprint at the property to over 50,000 square feet.

The company will take the extra space on part of the third floor at the building, the landlord told Commercial Observer, for three years. The property, which has 16 stories and is comprised of 400,000 square feet, sits at the entrance of the Holland Tunnel. Read More

Lease Beat

Marketing Company Expands Footprint at 5 Manhattan West [Updated]

450 West 33rd Street.

Interpublic Group of Companies has expanded the space it plans to move into at 5 Manhattan West at 450 West 33rd Street between Ninth and 10th Avenues, according to a spokeswoman for the company. The marketing firm signed a lease to move into the building in the middle of last year. It recently updated that plan to augment its footprint in the building by 52,350 square feet, to a total of 278,000 square feet, as part of a 15-year deal. Interpublic is expected to move in at the end of 2015.

Cushman & Wakefield’s Bruce Mosler led the team representing the landlord, Brookfield Office Properties, along with Josh Kuriloff. Scott Panzer of JLL represented the tenant in the transaction. Read More

Lease Beat

Media Company Takes Full Floor at Macklowe’s 386 Park Avenue South

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Advertising and marketing communications agency Lowe Campbell Ewald has signed a 10-year, 13,121-square-foot lease at William Macklowe Company’s 386 Park Avenue South, Commercial Observer has learned.

The subsidiary of Interpublic Group of Companies takes the entire 15th floor in the renovated 20-story Midtown South office building, located on the corner of Park Avenue South and Read More

Lease Beat

Interpublic Group Signs Lease at 1400 Broadway

1400broadway

The Interpublic Group of Companies (IPG) has signed a lease for 87,000 square feet at 1400 Broadway, a spokesperson confirmed with The Commercial Observer. Three New York-based subsidiaries of the advertising conglomerate will relocate to 1400 Broadway by the end of the year from their current offices in Flatiron and Soho.

IPG, considered a “big four” advertising agency, is headquartered at 1114 Avenue of the Americas and also operates a U.S. regional office in Omaha, Neb.

The building at 1400 Broadway is owned by Malkin Holdings via W&H Properties. Currently, the building boasts 10,627 square feet of available space on the 10th floor, available immediately, according to the W&H Properties’ website. Read More