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Another New Media Company Comes To Midtown South

NEW YORK CITY-A digital firm has signed a long-term lease for more than 13,000 square feet in this weekly wrap-up of deals.

By Rayna Katz | Updated on December 06, 2013

NEW YORK CITY-NewsCred has signed a long-term lease for the 13,121-square-foot prebuilt sixth floor at 386 Park Ave. South. The company expects to relocate from its current offices at 27 West 24th Street in the second quarter of 2014. Elie Reiss of Skylight Leasing represented NewsCred in the long-term leasing transaction while the building’s leasing agents, Paul Amrich, Neil King, Ross Zimbalist and David Young of CBRE, represented the building’s owners, a partnership of William Macklowe Company and Principal Real Estate Investors. Asking rents at 386 Park Ave. South range from $55 to $72.

Boston-Avison Young has brokered an office lease at 101 Summer St. The AY team was led by Karyn McFarland, principal, while Matt Twombly, VP, represented the tenant, ICON architecture. There was no landlord representation. The five-story office building features ground floor retail located in Downtown Crossing.

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