Newmark Grubb Knight Frank (NGKF) is pleased to announce that it has been retained by The New York Times Company to market 250,000 square feet of prime office space for lease at its iconic Times Square headquarters building at 620 Eighth Avenue in the heart of Midtown.
The New York Times has launched plans to reconfigure its workplace, which was informed by the analysis of Gensler’s and NGKF’s workplace solutions teams, to make more efficient use of the space they occupy in the building and to better facilitate the ongoing digital transformation currently underway at the company. The company will vacate a total of eight floors, leaving floors 9 through 11 and 16 through 20, each with a floorplate of 31,000 rentable square feet, available for new tenancy. NGKF Executive Managing Director Andrew Sachs and Senior Managing Directors Bill Levitsky and Ben Shapiro are marketing the space on behalf of The New York Times Company.
Built in 2007, the tower was designed by Renzo Piano Building Workshop and FXFOWLE Architects, with Gensler providing interior design. 620 Eighth Avenue features floor-to-ceiling glass, a unique lighting design and a flexible underfloor HVAC system. The design incorporates numerous environmentally sustainable features for increased energy efficiency.
“The continuing trend of tenants designing a collaborative, efficient workplace environment to attract and retain talent, in combination with the benefits of new construction, aligns perfectly with the available floors at 620 Eighth Avenue,” said Sachs. “Located directly across from The Port Authority Bus Terminal and just south of Times Square, the available floors at The New York Times Building present a modern, highly accessible opportunity to occupy office space in an iconic building.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.