Liquidnet Leases 140,000 SF At 620 8th Ave From The New York Times

Located at 620 8th Ave, New York, NY, 10018, the Condo property involved in the transaction spans 140,000 square feet. The tenant, Liquidnet, signed a lease to sublease over half of the space from the landlord, The New York Times, at an asking rent of $78 per square foot.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: Not Provided
• Tenant: Liquidnet
• Landlord: The New York Times
• Tenant's Rep: Mitchell Konsker (JLL)
• Landlord's Rep: Andrew Sachs (Newmark Knight Frank)

Mitch Konsker from JLL represented Liquidnet in the dealing with The New York Times. The media company had placed 250,000 square feet on the sublet market, with Liquidnet taking a portion of this space. Additionally, The New York Times entered into a sublease agreement with Time, Inc. for approximately 160,000 square feet at 1271 Sixth Avenue. The publication's 1.8 million-square-foot tower was developed in partnership with Forest City Ratner Companies, with part of the building's interest being sold in a previous sale-leaseback deal.