Ad Agency Momentum Worldwide Heads to 60K SF at Brookfield Place
Ad agency Momentum Worldwide is packing up its Hudson Square offices and heading Downtown to Brookfield (BN) Place.
The Interpublic Group subsidiary has signed on for 60,000 square feet via a 10-year lease at Brookfield Property Partners’ 300 Vesey Street, The Real Deal reported. Momentum’s new home includes the entire top floor of the 15-story building, part of the 14th floor and a private roof deck. Asking rent in the deal wasn’t immediately available.
JLL (JLL)’s Scott Panzer, Robert Romano and Shannon Rzeznikiewicz represented Momentum in the deal, and it’s unclear who handled the transaction for Brookfield. Neither company’s spokesman responded to a request for comment.
Momentum will decamp its current space on the second and third floors of Jack Resnick & Sons’ 250 Hudson Street for Brookfield Place in May 2018, according to information from CoStar Group.
In recent years, the marketing company, which has 2,000 employees and 40 offices, has run campaigns for American Express, Chevron, Microsoft (MSFT), Coca-Cola, SAP and Verizon, as well as many other high-profile clients.
Other tenants at the 522,000-square-foot 300 Vesey Street include CME Group, Pell Brothers Trading, Smith & Moore and KCG Holdings, CoStar indicates.