TPRO Takes Two Floors at 500 7th Ave.

NEW YORK CITY-Travel-services firm TPRO has taken a 25,000-sf sublease at 500 Seventh Ave. The move from 1500 Broadway is the result of the firm’s earlier acquisition of competitor Allied Tours combined with continuing instability in the travel industry.

Julien J. Studley Inc. senior managing director Daniel Horowitz represented TPRO in the deal. The sublessor, The New York Times, was represented by executive managing director Richard Bernstein and associate Leonard Gazda of Insignia/ESG Inc. Representatives from Insignia and Studley were unavailable by press time, but published asking rents for direct space on the 17-story building’s upper floors are $36 per sf.

TPRO will occupy two floors at 500 Seventh Ave., which are leased to the Times digital division. The firm hired Studley to either negotiate a renewal at 1500 Broadway or find a new space.