Search
 

Group M Does The Deal

NEW YORK CITY-The media firm finally has signed on the dotted line for space at 3 World Trade Center.

By Rayna Katz | Updated on December 23, 2013

It’s official: Group M has signed a lease at 3 World Trade Center. The agreement, for 516,000 square feet—represents more than just another another media firm heading Downtown—noteworthy as that is. It also gives Silverstein Properties the long-awaited ability to finish both the financing and construction of the building at 175 Greewich St. The deal has been in the works for just under a year; a term sheet was signed in July.

Group M will occupy approximately nine floors at the base of the 80-story tower when it opens in 2017. The media investment management concern will consolidate its 2,400 employees from several Midtown locations to the Trade Center.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.