Newmark announced today that Getty Images, a visual communications leader, will relocate to 195 Broadway from 75 Varick in Hudson Square. Getty will occupy the entire 42,000 RSF 10th floor of the Class A landmarked office building as a sublease with Sizmek. Newmark Senior Managing Director Daniel Levine represented Getty, while Justin Royce at Cushman & Wakefield represented Sizmek.
Newmark arranged for Oscar Health to take over the balance of Getty’s lease term as a subtenant. Oscar was represented by Newmark President New York Tri-State Region David Falk and Senior Managing Director Jason Greenstein.
Getty Images currently occupies the entire 5th floor at 75 Varick measuring roughly 78,000 RSF. Newmark worked simultaneously with the Getty team to negotiate a sublease at 75 Varick while also working on a relocation to 195 Broadway.
“The challenges we faced were finding the perfect space that fits Getty’s needs and would be available for possession in a timely fashion,” said Vice President, Treasury, Investor Relations and Facilities at Getty Images, Patrick O’Shaughnessy. “We were focused on highlighting Getty’s revitalized brand and were persistent in finding a space that matched the needs of their growing aesthetic, functionality and overall business goals. 195 Broadway checked all the boxes and offered them a fresh start.”
Getty’s space at 195 Broadway is newly renovated and fully furnished, with an original floor built by Rocket Fuel. Located in the heart of the financial district, 195 Broadway neighbors iconic buildings like City Hall and the World Trade Center, which also boasts fine dining and luxury shopping at Brookfield Place.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,900 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point, Newmark, and Newmark Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our 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. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark Group, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), 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 “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 “BGCA”.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark 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 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’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.