Havas Worldwide Health Expands at 200 Madison Avenue
By Daniel Edward Rosen July 25, 2012 12:31 pm
reprintsHealth and wellness communications company Havas Worldwide Health is taking after its parent company Havas Worldwide and will be expanding to 170,000 square feet at 200 Madison Avenue, it was announced this morning.
The office expansion will help the company consolidate its offices under one roof at 200 Madison, where Havas has held space –sized at just over 100,000 square feet– for over the past 15 years, the company said in a press release.
After a two-year search for new space yielded few results, Havas Worldwide Health decided to stay and expand inside the 26-story building, which is owned by George Comfort & Sons and Loeb Partners Realty.
David Falk and Jason Greenstein, both of Newmark (NMRK) Grubb Knight Frank, represented Havas Worldwide Health in the transaction. Matt Coudert of George Comfort & Sons represented ownership in-house.
Asking rents in the 15-year lease renewal were not disclosed, although a person close to the deal said that rents in the neighborhood generally range in the $50s-per-square-foot.
Havas Worldwide Health will embark upon a series of renovations to their space over the next three years, and will take space in the entire sixth, seventh, and ninth floors. It will also occupy a portion of the 20th floor in the deal. The company will also have access to an outdoor deck that rests just above the ninth floor, offering “outstanding city views” from its Murray Hill location, the company boasts in its press release.
Calls to Mr. Falk and Mr. Greenstein were not returned. A Havas Worldwide Health spokeswoman could not be immediately reached for comment by press time.
“The offices at 200 Madison have been home as our agency has grown and exceeded our clients’ expectations, so we have many positive associations with this location,” said Doug Burcin, CEO of Havas Worldwide Health, in a statement.
Earlier this year, Havas Worldwide, Havas Worldwide Health’s parent company, leased 260,000 square feet at 200 and 205 Hudson Street, where the company will house its global headquarters.
drosen@observer.com
