Times Square Move Brings Rent Savings
Gotham will be relocating from 150 East 42nd Street, where companies such as Meister Seelig & Fein recently signed leases for rent in the mid $50s PSF, to 104 West 40th Street. A subsidiary of IPG, Gotham will pay starting rent below $50 PSF at the new location, and its 27,478 SQFT installation will be capped at $65 PSF. The company will receive almost a year in free rent. IPG recently signed a lease just around the corner, at Malkin's 1400 Broadway, for rent in the mid $40s PSF as well.