The independent Workman Publishing signed 10 year-deal and will relocate to Hudson Square from its West Village offices by the third quarter of 2006. The firm currently occupies approximately 50,000 sf at 708 Broadway. It sold its leasehold interest to the Chetrit Group, the new owners of the site. Real Simple is a publication of Time Inc. Its new space will serve as a test kitchen, photography studio and offices. The magazine plans to occupy the space in the third quarter.

According to a Trinity spokesperson, Time signed a deal in the low $30-per-sf range, while Workman's deal was in the high $20-per-sf range. Jason Pizer, Trinity's director of commercial leasing and Thomas Lynch of Trinity Real Estate represented the ownership, while Art Nelkin of Nelkin Real Estate Advisors and Richard Price of Winoker Realty Com. acted on behalf of Workman. John Moxley of Cushman & Wakefield represented Time Inc., while Pizer acted on behalf of the ownership in the Real Simple deal.

"Workman Publishing was looking to expand their space to meet the needs of the company's growing operations," explains Pizer. "The space at 225 Varick provided contiguous space, in an area popular among the publishing industry." Workman Publishing, founded in 1968, is an independent publisher of adult and juvenile trade books, as well as the Original Page-a-Day calendars.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.