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Paramount Leases 5 Floors to McGraw-Hill Education

Paramount Group Inc. said it has signed McGraw-Hill Global Education Holdings to 136,176 square feet at its 1325 Ave. of the Americas. The deal brings the 34-story office tower’s leased occupancy from 80.9% to 95.4%, and marginally increases total portfolio-leased occupancy to 95.2% from 94.0% as of March 31.

“The successful execution of the McGraw-Hill Education lease is a testament to the appeal of 1325 Avenue of the Americas, and our ability to cater to the highest-quality tenants who desire the unparalleled infrastructure our assets offer, while being ideally located in one of the most dynamic office corridors in Manhattan,” stated Peter Brindley, EVP, leasing at the New York City-based REIT.

McGraw-Hill Education will occupy floors five through nine, as well as a portion of the 12th floor, for an initial lease term of approximately 16.3 years.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Step 1: Select Education
  • ◦Lease