Cushman & Wakefield represented both the tenant and the landlord in the transaction
Holiday House Publishing, Inc., announced today that they have signed a 10-year, 10,817 sf lease with Fifty Broad Street, Inc. to house their new headquarters on the third floor of 50 Broad Street in Downtown Manhattan.
Cushman & Wakefield represented both the tenant and the landlord in the transaction. The tenant, Holiday House Publishing, Inc., was represented by Senior Director Harry Greeley and Senior Associate Jenna Catalon, and the landlord, Fifty Broad Street, Inc., was represented by Senior Director Jonathan Fein and Director in Cushman & Wakefield’s Agency Consulting Group, Carlos Suarez.
“With the building’s pre-war exterior features and location in historic Lower Manhattan, this building is perfectly suited for the culture of Holiday House,” said Harry Greeley, Senior Director of Cushman & Wakefield. “This prime Downtown location will also lend itself well to the firm’s future growth.”
Holiday House was acquired last year by Trustbridge Partners and is implementing a long-term growth strategy. The drivers for relocation of the firm’s headquarters were to simultaneously ensure room for future growth while keeping with the classic charm of an historic New York City firm.
“When we first saw the space at 50 Broad Street, we knew we’d found a home,” said Derek Stordahl, Holiday House Executive Vice President and General Manager. “The unique layout gives us space to publish more of the best books for children while maintaining the culture and heritage that has made the house a special place for authors, artists, and our staff since 1935.”
50 Broad Street is a 20-story office building located in charming Lower Manhattan between Exchange Place and Beaver Street. In the heart of Downtown, the building is surrounded by top-tier retail, restaurants, and New York City landmarks, and it is easily accessible by mass transit being walking distance from multiple subway stations, the PATH train, and ferry stations to Staten Island, New Jersey, Brooklyn, Queens, and Midtown.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow@CushWake on Twitter.
About Holiday House Publishing, Inc.
Since 1935, Holiday House has beenproud to gather together talented authors and illustrators and to publish quality books that entertain, enlighten, and educate children. Known for having a deep list of timeless and award-winning books for children and young adult readers, Holiday House publishes the award-winning I Like to Read® series of picture books for emergent readers. In 2018, it will launch its first eponymous imprint, Margaret Ferguson Books, as well as Neal Porter Books. The iconic logo of the Holiday House little boy is by Ernest H. Shepard, the renowned illustrator of The Wind in the Willows and the Winnie the Pooh books, from our original edition of The Reluctant Dragonby Kenneth Grahame. For more information, visit holidayhouse.com