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Newmark is pleased to announce that it has successfully negotiated a new lease for 31,058 rentable square feet at 620 Eighth Avenue on behalf of the building’s owner, The New York Times Company. The Newmark team included Executive Managing Director Andrew Sachs and Senior Managing Directors Bill Levitsky and Ben Shapiro. The tenant Williams Lea Tag was represented by CBRE Vice Chairman John Nugent and Senior Vice President Ned Burns.
Built in 2007, 620 Eighth Avenue is the headquarters for The New York Times and was designed by the Renzo Piano Building Workshop and FXFOWLE Architects, with Gensler providing interior design. The tower features floor-to-ceiling glass, a unique lighting design and a flexible underfloor HVAC system, as well as environmentally sustainable design features for increased energy efficiency. Centrally located in Midtown near Times Square, the high rise is in the heart of one of the world’s premier business hubs and is one of the tallest and most recognizable buildings in the city.
“The New York Times building is a landmark location with central proximity to superior transportation,” said Mr. Sachs. “The space offers new construction with amenities that few buildings in the city can offer. This transaction with Williams Lea Tag brings the tower a step closer to being fully leased.”
Operating since 1820, Williams Lea Tag is a leading global provider of marketing and communications services, creating value for clients by working smarter, using fewer resources, enhancing efficiencies, improving customer experience and strengthening brand reputation. William Lea Tag’s clients include PWC, BP, IKEA and Zurich Insurance.
About Newmark
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group’s and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.