1501 Broadway
NEW YORK CITY—Acuris has moved its New York headquarters taking 51,486 rentable square feet at 1501 Broadway. In a sign of the times, the provider of financial news, data, research and analysis is leaving its offices at 330 Hudson.
The Hudson Square area at one time, for over a half a century, was called Manhattan's Printing District because it served as a hub of the city's printing companies. But with changing technology, publications became media companies and Hudson Square evolved into a more residential neighborhood.
Previously known as The Mergermarket Group, to accommodate its growth Acuris has moved several times since its New York launch in 2003. In relocating to the Paramount Building, the news and information company is consolidating its offices, supporting its expanded headcount and has moved closer to customers and industry partners.
“Over the last 15 years, Acuris has organically grown from a bustling startup to a global company through pioneering journalism and research entrepreneurship and continued product acquisitions and innovation, including recent procurements of the TIM Group and Creditflux,” says Acuris CEO Hamilton Matthews.
Marc Katz, managing director, Americas at Acuris, also notes the building's layout and facilities suited the company's employees, technology and data assets.
Represented by Jamie Katcher and Sebastian Infante from Cushman & Wakefield, Acuris is subleasing its space from Telaria. Newmark Knight Frank's Greg Wang, Eric Cagner and Matthew Siegal represented Telaria.
Paramount Leasehold, which owns the landmarked 1926 building, recently completed a $50 million capital improvements program that included renovating the lobby in an Art Deco style. Globest.com has previously reported that asking rents in landmarked structure ranged from the low $50s per square foot in the base to the low $70s in the tower.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
