3 Columbus Circle.
NEW YORK CITY – The Moinian Group, a New York City-based realestate developer, has leased 22,000 square feet at 3 ColumbusCircle in Midtown to the Agency of Performing Arts. The globaltalent agency is one of the largest in the performing arts industrywith offices in Los Angeles, New York, Nashville, Atlanta, Torontoand London.
|APA will vacate its offices at 135 West 50th St. in December,and will begin moving into the 26-story tower.
|Savills represented APA, who will occupy the building's21st floor, and Jones Lang LaSalle represented TheMoinian Group, who became the full owner of the property after itdished $266 million for Young & Rubicam's six-story officecondominium earlier this year.
|"While we were close to coming to terms on space that needed tobe built, we never stopped looking and uncovered a highly improvedbuilt option with spectacular Central Park views in a newlyrenovated building at a competitive rent." said Executive ManagingDirector Scott Weiss ina prepared statement.
|Anchoring the property is Young & Rubicam. Other tenantsinclude Emerge212, Nordstrom and Jazz at Lincoln Center. Theproperty offers views of central park and is in proximity to publictransportation, parking and retail options.
|"Savills was able to secure a financially sound deal on a spacethat needed little to no capital improvements, saving us additionalreal estate costs," said APA President and CEO Jim Gosnell, in aprepared statement.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
