The Federative Republic of Brazil is doubling its office space in a Midtown Manhattan building thanks to securing a lease renewal and an expansion, according to a report from the New York Business Journal.
The country's federal government organizations operating at the site will now take over 65,000 square feet of space at The Daily News Building, located at 220 East 42nd Street, and owned by SL Green Realty Corp. While the cost was not revealed, the organizations will occupy floors 32-34, and 26, as well as some ground floor space.
Much of the space will be occupied by the Consulate General, which is taking 30,000 square feet of the total. The Brazilian Mission to the United States and the Brazilian Financial Office will occupy 23,000 and 12,000 square feet, respectively.
The Daily News Building, designed by Raymond Hood and John Mead Howells, was inspired by the original Superman comics, which featured a fictional newspaper called the Daily Planet.
The Daily News Building features colored marbling and black glass on the interior. Plus, the tower floors offer views of the skyline of downtown Manhattan and East River. Currently, the office asset is 93 percent leased to tenants including Omnicom Group, the United Nations Development Program, WPIX, and Visiting Nurse Services.
"With its historic architecture and proximity to Grand Central Terminal and the United Nations, The News Building is world-famous as the home to Superman," Steven Durels, executive vice president and director of leasing and real property at SL Green, said in a statement.
Recently, SL Green made some news after selling 11 percent of its office skyscraper in Midtown, One Vanderbilt, with the property in total valued at $4.7 billion. After that deal, SL Green held 60 percent of the building's equity.
For office, New York is seeing one of the strongest recoveries in the nation. For August, Manhattan offices were found to be 73.4 percent as busy compared with the same month in 2019, according to a recent report from Avison Young. The national level, in comparison, is only at 60.4 percent of pre-pandemic levels.