After more than two months of rumors that Mort Zuckerman’s Daily News might be moving out of its offices on West 33rd Street, the paper and its sister publication U.S. News & World Report will be moving into 100,000 square feet at 4 New York Plaza in the Financial District.
Mr. Zuckerman considered moving into space vacated by The Journal in 2008 when it moved to the News Corp. building in midtown, but the building wasn’t able to support all of the Daily News’ infrastructure needs.
Here’s the release:
New York City’s most beloved, best-read and largest circulation newspaper, the New York Daily News, and U.S. News & World Report Media Group, the preeminent national multi-platform digital publisher of news, rankings and analysis, will be moving their respective headquarters to 4 New York Plaza, the iconic 25-story office tower located at the southeast corner of Water and Broad Streets in the Financial District. The long-term lease is for two entire floors, comprising 100,000 square feet.
“We’re very much looking forward to the relocation of the New York Daily News and the U.S. News & World Report Media Group to 4 New York Plaza,” said Mortimer B. Zuckerman, Chairman and Publisher of the New York Daily News, and Chairman and Editor-in-Chief of U.S. News & World Report. “These are first-rate accommodations in the heart of the city’s financial district with superb amenities. This location will provide our employees with a modern new home.”
The building’s owner, an affiliate of Harbor Group International, LLC, the Norfolk-based real estate investment and management firm, was represented by CB Richard Ellis’ Howard Fiddle, vice chairman, and Bradley P. Gerla, executive vice president. Representing the tenant on the transaction was Cushman & Wakefield’s John Cefaly, vice chairman, and Michael Burgio, executive vice president.
“It is an honor to have such prestigious publications as major tenants in our building,” said Jordan E. Slone, Chairman and CEO of Harbor Group International. “In the six months since purchasing 4 New York Plaza, we have achieved 85 percent occupancy with three significant long-term tenants. It speaks volumes about the desirability of the building and bodes exceptionally well for the future of Downtown.”
The New York offices of the New York Daily News and U.S. News & World Report are currently headquartered at 450 West 33rd Street in the Hudson Yards area and expected to move to 4 New York Plaza by July 2011. Their new home is convenient to all forms of public transportation, and close to the New York Stock Exchange, South Street Seaport and other key downtown destinations.
The Class-A office property consists of 1,085,000 rentable square feet on 1.2 acres. The building features large floor plates of 50,000 square feet and has an on-site cafeteria with seating for up to 650-people. JPMorgan Chase occupies 75 percent of the building, and is also on a long-term lease.
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