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Gannett Moves Corporate Offices Up Broadway
In another example of tenants taking advantage of prime sublease space, Gannett Co. recently inked a 24,195-square-foot office sublease at Rudin Management’s 1675 Broadway. A mass media holding company and the largest U.S. newspaper publisher, Gannett plans to relocate its corporate offices from 1633 Broadway to a full floor at the 35-story tower.
CBRE’s Gregg Rothkin, John Maher, Paul Myers, Mike Wellen, Alex Bennisato and Cara Chayet represented the sublandlord in the 10-year deal. Gannett was represented by Byrnam Wood’s Gordon Ogden and Nick Gilman.
“Despite the challenging office leasing environment due to the global pandemic, opportunities abound for tenants seeking move-in ready space at very attractive overall economics,” said Rothkin. “The Gannett deal speaks to this trend perfectly; the availability at 1675 Broadway is a unique example of high-quality, state of the art, plug and play sublease space with the capacity to accommodate tenants of various sizes and industries.”
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