Financial information publisher AIQ will move out of subleased space at 1500 Broadway into a top-floor space on the 33rd floor of the Tamares investment group property opposite Times Square through a 10-year, 9,297-square-foot lease, Commercial Observer has learned.
The move by the end of the year to the space with asking rents in the $70s per square foot will expand the company’s footprint in the building where it’s been operating out of a smaller subleased space; the new lease will also afford the company that’s hosting a National Financial Advisor Week event next week the opportunity to remain in an area that’s proven advantageous, said Nick Stuller, co-founder and CEO of AIQ.
“We love being in Times Square because it really helps our product lines and helps build a community around what we’re doing,” Mr. Stuller said of the building where ABC’s “Good Morning America” broadcasts out of the ground floor and colorful ads light up the area. “We are a publisher, but we also support publishers with content around financial information and data. Being close to these partners of ours is important.”
Gary Kamenetsky and Sam Seiler of CBRE negotiated on behalf of the tenants, while CBRE’s Paul Amrich, Patrice Meagher, Emily Jones represented Tamares in the negotiations.
Representatives for the CBRE brokers didn’t immediately respond to requests for comment.
Tamaras purchased the 500,000-square-foot building on the east side of Broadway between West 43rd and West 44th Street in 1995, according to its website.