Mitchell Konsker, executive vice president, and David Dusek, director, of global real estate services firm Cushman & Wakefield, represented The Associated Press along with AP's assistant to the president Dave Tomlin. The deal has a complicated back story. It was an intricate three-party transaction with simultaneous negotiations going on throughout the process. The space's previous tenant, DoubleClick, represented by Paul Ippolito and Michael Ippolito of Newmark & Co., negotiated a lease termination with the landlord, Max Capital Management. Max Capital was represented in-house by Anthony Westreich, along with Peter Riguardi and Cynthia Wasserberg of Jones Lang LaSalle.

The move represents an expansion and consolidation for AP, which plans to move from offices at 45 and 50 Rockefeller Plaza in Rockefeller Center, and 1995 Broadway, where they currently occupy about 205,000 sf in the three buildings. In addition to bringing together as many as 900 employees, AP was able to provide its employees with amenities, such as outdoor terraces, athletic facilities, a health club, cafeteria and an open working environment.

"The space will permit us to upgrade and reconfigure AP news operations in a manner that corresponds to the vast changes of recent years within our company and in the news industry," AP's Tomlin said in a statement. C & W's Konsker said it was a two-year process to find space that could accommodate the news organization's specific technical requirements. 450 West 33rd Street was able to meet The Associated Press' very technical infrastructure needs, including 24-hour HVAC, numerous satellite dishes and generators for extensive emergency power.