Leases  ·  Office

West Publishing Renews at Rudin’s 3 Times Square

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Thomson ReutersWest Publishing locked in a five-year lease extension with Rudin Management at 3 Times Square, Commercial Observer has learned.

The extension is for 46,105 square feet across the entire 17th floor and a portion of the 18th floor, according to the landlord — it’s unclear what is left of Reuters’ footprint in the building after it sublet 33,219 square feet there in 2018.

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Rudin did not disclose the asking rent in the building, which was developed in 2001 as the North American headquarters of Reuters. Average asking rent for Midtown office space was $76.95 per square foot in the first quarter of 2023, according to a Cushman & Wakefield report.

“Our partnership with Thomson Reuters to develop the original 3 Times Square was a bold move that ultimately helped pave the way for the entire neighborhood’s dramatic and ongoing renaissance,” Michael Rudin, executive vice president at Rudin, said in a statement.

Tom Keating represented Rudin in-house while JLL (JLL)’s Mitchell Konsker, Dan Turkewitz and Christine Tong represented the tenant.

“Rudin’s commitment to providing best-in-class office space and meeting the needs of the market with evolving amenities and tenant-tailored programming aligns with West Publishing Corp.’s core corporate values,” Konsker said in a statement.

Touro University also recently expanded in 3 Times Square, signing a 32-year lease for 309,400 square feet across nine floors. The deals followed a $25 million facelift for the building in 2020 with designs by FXCollaborative intended to attract new tenants.

Mark Hallum can be reached at mhallum@commercialobserver.com.