Wine Spectator Publisher Signs Lease at Worldwide Plaza



M. Shanken Communications, the publisher of titles such as Wine Spectator and Cigar Aficionado, has signed an 11-year, 38,418-square-foot lease at Worldwide Plaza, The Wall Street Journal reported.

SEE ALSO: RXR, SL Green to Buy 49 Percent Stake in $1.7B Worldwide Plaza, $1.2B Refi on the Way

The publisher will take a portion of the second floor and the entire 33rd floor at the Midtown tower when it relocates from 387 Park Avenue South.

Worldwide Plaza. (George Comfort & Sons)
Worldwide Plaza. (George Comfort & Sons)

“They were looking for the space that worked best for them,” said Peter Duncan, president of George Comfort & Sons, the building’s landlord, told the Journal. “The property has decent floor space with light and good views.”

George Comfort & Sons owns Worldwide Plaza in partnership with RCG Longview and DRA Advisors. Last year, American Realty agreed to acquire a 48.9 percent interest in the building from the ownership group for $220 million. The deal included the right to buy the remaining 51.1 percent interest in the building.

Worldwide Plaza, built in 1989, boasts a tenant roster that includes a number of high profile tenants, including Nomura Holdings North America and law firm Cravath, Swaine & Moore. The 49-story property is comprised of 1.8 million square feet of office space, 30,000 square feet of retail space, an off-Broadway theater and a 38,000-square-foot fitness center.

Mr. Duncan and Matt Coudert, an executive vice president of George Comfort & Sons, represented the landlord. David Falk and Jason Greenstein of Newmark Knight Grubb Frank represented the tenant.