The New York Times Co. has made 250,000 square feet of office space at 620 Eighth Ave. available for leasing.
NEW YORK CITY—The New York Times Co. has made 250,000 square feet of office space at 620 Eighth Ave.—its iconic Times Square headquarters building—available for leasing.
Newmark Grubb Knight Frank landed the agency assignment. The brokerage firm’s executive managing director Andrew Sachs, along with senior managing directors Bill Levitsky and Ben Shapiro are marketing the space.
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 and to better facilitate the ongoing digital transformation currently underway at the company. The company will vacate a total of eight floors, leaving floors nine through 11 and 16 through 20 available for new tenancy, with each floor offering a floorplate of 31,000 rentable square feet,
The building is a commercial condominium, and the Times did a sale-leaseback for a portion of its condo unit interest with W. P. Carey and leases back those floors for its headquarters. Forest City also owns floors in the tower.
Built in 2007, 620 Eigth Ave. was designed by Renzo Piano Building Workshop and FXFOWLE Architects. The Midtown tower 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 Ave.,” says 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.”