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Comcast installs itself in ad agency's spot; Cable company sublets from Interpublic; Brookfield finds itself on space mission.(Real Estate)
Crain's New York Business, December, 2002
Byline: lore croghan The largest cable company in America has sublet 60,000 square feet from Interpublic Group of Cos. at the Grace Building. Comcast Corp. signed a seven-year deal for two floors of the 1970s-era skyscraper, whose address is 1114 Sixth Ave. It will use most of the space for a newly created national ad-sales group.
The Philadelphia-based firm boosted its size through the recent acquisition of AT&T's cable unit, and now has more than 21 million subscribers in 41 states. Asking rents are $66 to $68 per square foot for space at the Grace, which is rented directly from landlord Trizec Properties Inc. Presumably, rates are cheaper for sublets at the tower, which is located between West 42nd and West 43rd streets. Philadelphia-based...
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