IAC’s $2.7 billion acquisition of Meredith has made for a downsizing of its NYC offices and a consolidation at Brookfield Place.
of Des Moines-based publisher, Meredith — which is now known as Dotdash Meredith — is leading to a downsizing of its Lower Manhattan offices as the new company consolidates at Brookfield Place in Battery Park City.
Downtown is still losing office tenants. The area had 6.9 million square feet available in the second quarter, up 5.4 million the previous year.There’s a lot of competition to sign office tenants, but Dotdash Meredith’s is one of the largest for sublease.
And as Better Mortgage struggles, it is trying to ditch its 44,039 square feet on the 57th floor of that tower with an asking rent of $79 per foot and a lease that runs through 2026.View The SpaceAs for the Dotdash Meredith space, according to sources, the seventh through ninth floors at 225 Liberty can be leased together, or as single or partial floors. The space includes high-end office furniture, work stations and conference rooms.
STUDIOS architects designed the eight floors for Time as an open, collaborative environment that would foster creativity and innovation.The space was part of the 4.2 million square feet that had been occupied by Bank of America/Merrill Lynch on a long lease that expired in 2013.
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