Buck Trends! Publishing Group Expands Amid Media Meltdown

1hudsonlobby2 Buck Trends! Publishing Group Expands Amid Media MeltdownForgive us, but green really is the new black. How else to explain that, while the rest of the media landscape looks like a bombed out wasteland, the Nature Publishing Group is actually expanding its offices at One Hudson Square.

According to a release sent out this morning, the group, which "publishes journals and online databases across the life, physical and applied sciences and, most recently, clinical medicine," has re-upped its lease at the Trinity Church-owned building and expanded into an additional 16,534 feet, bringing its total space to nearly 70,000 feet.

The full release is below:

 

November 12, 2008 – Williams Real Estate, a FirstService Company has negotiated a lease renewal and expansion for the Nature Publishing Group at One Hudson Square in downtown Manhattan. Under the terms of the new lease, the tenant has agreed to occupy the entire 69,603-square-foot ninth floor of the building, 16,534 square feet more than its current occupancy level.

Nature Publishing Group agreed to an eight-year term on the lease and plans to occupy the additional, already-built space by the end of this year. Asking rents in the building are in the low $50 range.

“This significant renewal and expansion builds on our 16-year relationship with parent company Macmillan Publishing,” said Leon Manoff, executive managing director of Williams Real Estate, a FirstService Company. “We helped the Nature Publishing Group explore many different options, but expanding within their current location ultimately made the most sense for them. Our heavy roster of clients in the publishing field also enabled us to better understand their space needs and specifications.”

Nature Publishing Group is a subsidiary of global publishing firm Macmillan Publishers Ltd., which is owned by German-based Georg von Holtzbrinck Publishing Group. NPG publishes journals and online databases across the life, physical and applied sciences and, most recently, clinical medicine. Content produced by NPG includes daily news from award-winning journalists, expert opinion and practical methodology along with high impact research and reviews. More than 30 journals are published in association with prestigious academic societies.

One Hudson Square is owned by Trinity Church. Robert Constable of Cushman & Wakefield represented the landlord. Tenants at One Hudson Square include the Art Institute of New York City, Morgan Stanley, Pricewaterhouse Coopers, Getty Images and Bliss Spa.