Meredith Inks 95K SF Sublease Deal At 805 Third Ave.
Magazine publisher Meredith has found a subtenant for some of the empty space it left behind when it moved to Brookfield Place.
Kroll Bond Rating Agency will take 95K SF at Charles Cohen’s 805 Third Ave., on floors 26 through 29.
Meredith is moving to Time Inc.'s space at 255 Liberty St., following its acquisition of Time earlier this year. KBRA has been looking to move out of the 37K SF office it has outgrown at 845 Third Ave., and the space it leaves behind will now become available on the subleasing market. Savills Studley brokered the deal on behalf of KBRA.
“We were bursting at the seams and needed immediate space, as well as a long-term plan to accommodate our future growth,” KBRA Chief Financial Officer Ajay Junnarkar said in a release. He noted that a “creative deal structure will enable us to phase into our new home.”
Savills Studley’s David Carlos represented KBRA and will handle the sublease of KBRA’s existing offices at 845 Third Ave. JLL’s Frank Doyle, Randy Abend and Cooper Weisman represented Meredith.
