NEW YORK CITY-Media giant Viacom Inc. has inked a deal for 305,000 sf–comprising 10 full floors–at 1540 Broadway. With this transaction, the 44-story tower owned by Paramount Group, is now more than 86% leased.

Construction will begin immediately on five contiguous floors comprising 139,000 sf of space, which Viacom is expected to occupy by the end of the year. Viacom will then be in the other five floors in early 2007. That space is currently occupied by the building’s former owner, Bertlesmann.

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