Info. Provider Moving Corporate HQ to Helmsley Building to Join Its LexisNexis Imprint
By Lauren Elkies Schram July 28, 2016 1:35 pm
reprints
RELX Group, a provider of information and analytics that was called Reed Elsevier until last year, is joining one of its titles at the Helmsley Building.
The company will be moving its corporate headquarters to 45,458 square feet on a part of the eighth floor of RXR Realty’s 34-story, 1.4-million-square-foot building at 230 Park Avenue between East 45th and East 46th Streets, according to CoStar Group.
Newmark Grubb Knight Frank’s Paul Ippilito, Seth Weinstein and Dina Deutsch represented RELX, according to The Real Deal, which first reported news of the deal. RXR’s Jordan Berger represented the landlord in-house, CoStar says.
A NGKF spokeswoman didn’t immediately respond to Commercial Observer’s request for comment, and nor did an executive at RXR or a spokesman for RELX.
The length of RELX lease wasn’t immediately clear, but TRD noted the asking rents are in the low-$80s per square foot. RELX’s move-in date is July 31, CoStar indicates.
Since 2014, LexisNexis has been on the entire 71,054-square-foot seventh floor, CoStar reveals, and its lease runs through January 2025.
RXR purchased the landmark office tower just north of Grand Central Terminal from a joint venture between Monday Properties and Invesco Real Estate for $1.2 billion last May, as previously reported.
Office tenants in the building include the corporate offices of Six Flags, Voya Financial, Clarion Partners and Bank of the Ozarks. Urbanspace food hall occupies 10,600 square feet of retail space in the building.
