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West Publishing Extends Lease At 3 Times Square In Midtown Manhattan

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LEASED
$76
Daniel (Dan) Turkewitz
+ 1

New York

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Office46,105 SF
Leased 06/05/2023
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Property Image
LEASED

West Publishing Extends Lease At 3 Times Square In Midtown Manhattan

3 Times Square New York, New York 10036, USA

See Similar Deals
Office46,105 SF
Leased 06/05/2023
Daniel (Dan) Turkewitz
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$76
Total Square Footage:46,105 SF
Transaction Type:Lease

Thomson Reuters' West Publishing has extended its lease for 46,105 square feet of office space at 3 Times Square in Midtown. The lease extension was agreed upon in a five-year deal with Rudin Management. The specific details of the lease, such as the asking rent, were not disclosed by the landlord. However, it is worth noting that the average asking rent for Midtown office space in the first quarter of 2023 was $76.95 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 3 Times Square
  • Market: Midtown
  • Tenant: West Publishing - Thomson Reuters
  • Landlord: Rudin Management - Michael Rudin & Tom Keating
  • Brokers: Mitchell Konsker, Dan Turkewitz & Christine Tong - JLL

This lease extension deal at 3 Times Square involved Thomson Reuters' West Publishing and Rudin Management. The exact terms of the lease, including the rent amount and any additional provisions, were not disclosed in the available information. However, this agreement signifies a continuation of the tenant's presence in the 46,105 square feet of office space at the Midtown location.

Players

Mitchell Konsker
46 deals$542M volume
BROKER



Rudin Management Company
BROKERAGE

Michael Rudin
Rudin Management Company
20 deals$2B volume
LANDLORD

Details

LEASED
IMAGE: Mitchell Konsker, Michael Rudin, Dan Turkewitz & Christine Tong DATE: 06/05/2023 ADDRESS: 3 Times Square MARKET: Midtown ASSET TYPE: Office LANDLORD: Rudin Management - Michael Rudin & Tom Keating TENANT: West Publishing - Thomson Reuters BROKERS: Mitchell Konsker, Dan Turkewitz & Christine Tong - JLL ASKING RENT: $76.95/ft. ~ SF: 46,105 LEASE TERMS: Five-year lease extension NOTE: Thomson Reuters' West Publishing has extended its lease for 46,105 square feet at 3 Times Square in a five-year deal with Rudin Management. The landlord did not disclose the asking rent, but the average asking rent for Midtown office space in the first quarter of 2023 was $76.95 per square foot.

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Deal Type
Effective Rent (Annual)

$4,067,131.89

Total Lease Value

$40,671,318.88

Net Landlord Cash Flow$4,067,131.89