Y&R Take 35K More at 3 Columbus Circle
Michael Ewing Oct. 29, 2012, 8:30 a.m.
The Young & Rubicam Group has expanded their presence at 3 Columbus Circle.
The firm will take an additional 34,634 square feet spanning the entire 11th floor of the building. The lass is co-terminus with its existing lease and will expire in twenty years.
Y&R’s total presence at 3 Columbus Circle spans 373,766 square feet across 11 full floors.
“We are delighted to assist in Y&R’s rapid space expansion,” said Steven Durels, director of leasing and real property at SL Green.
“After recently completing a comprehensive redevelopment and repositioning of 3 Columbus Circle, we’re pleased that the office portion of the building is now at 73.6 percent leased as compared to an office occupancy of 17.2 percent at the time that SL Green took control of the building and commenced our repositioning plan in 2011.”
The building is close to completing its $90 million dollar renovation that has added a new sleek glass facade, retail storefronts, a canopy, full height luminous glass walls, turnstiles, stone flooring, and a new bronze lit accent wall.
3 Columbus Circle is also one of the few buildings in New York with a sign on top that showcases the current weather and time.
A team consisting of Mary Ann Tighe and Gregory Tosko from CBRE represented Y&R in the transaction. Newmark Grubb Knight Frank‘s leasing team of Brian Waterman, Scott Klau and James Kuhn represented SL Green.