The U.S. division of British publishing and distribution group, Quarto Publishing Group USA has signed a 10-year lease for the entire fourth floor at 142 West 36th Street in Manhattan, comprising 7,910 square feet of pre-built space designed by the Mufson Partnership.
“This is yet another lease that supports our goal to reposition 142 West 36th Street as a TAMI (technology, advertising, media and information) center in Midtown Manhattan,” points out Gerard Nocera, Principal, Herald Square Properties. “Our very first improvements were infrastructure upgrades and a lobby renovation. But a central location, great floor plate, abundance of natural light and strong leasing team are really making the difference.”
Representing the landlords were CBRE’s Paul Amrich, Vice Chairman; Neil King, Vice President; and Lindsay Goddard, Associate Broker. Representing the tenantwas Owen Hane, Executive Director, Cushman & Wakefield.
Quarto Publishing Group will be relocating from 276 Fifth Avenue in spring 2015.
The property was acquired in January 2014 in an off-market sale. Located between Broadway and Seventh Avenue, the 116,000-square-foot, circa 1921 office tower has 17 floors. 142 West 36th Street benefits from exceptionally high ceilings with great light and air. Asking rents are between $58 and $60 per square foot.
Other recently signed tenants at 142 West 36th Street include Flashtalking, an online advertising technology firm, which took the 10th floor, and VTS (formerly View the Space), which took the 12th floor.
Image credit: Google Streetview