NEW YORK—HarperCollins has signed a 185,000-sq.-ft. lease at 195 Broadway, a building owned by a joint venture of Beacon Capital Partners and L&L Holding Co. LLC. The publishing company will be relocating to Broadway from its current location at 10 East 53rd Street in the spring of 2014.
The CBRE team of Ken Rapp, vice chairman, Mary Ann Tighe, CEO, Christopher Mansfield, SVP, and Lauren Crowley Corrinet, VP, represented HarperCollins in the lease negotiations. David C. Berkey of L&L Holding Co. represented ownership in the deal.
HarperCollins leased four-and-a-half floors for a 15-year term.
“We are excited to return to the neighborhood where Harper Brothers founded what is now HarperCollins in 1817 and begin our third century of publishing where it began so many years ago,” said Brian Murray, CEO, HarperCollins.
Comprised of 1.1 million sq. ft., 195 Broadway stands 29 stories tall and was built in 1916. The property was renovated in 1985. Other major tenants at the property include Thomson Reuters, Omnicom and MPG.