Colliers ABR Inc. senior managing director Paul Mas and director Mark Furst represented Arista in negotiating the 11-year sublease. Cushman & Wakefield vice chairman Donald DiRenzo Sr. and director Emmett Noonan brokered for sublessor Random House.

The three-floor space is nearly as large as the legendary record company's current Solow Building Co. quarters, where Arista occupies all 10 office floors for a total of 60,000 sf. Financial details of the new lease are not being disclosed, but published asking rents for sublease space at the 866,357-sf property range from $30 to $50 per sf.

Arista will occupy floors 38, 39 and 40 of the 31-year-old asset for its Manhattan headquarters. "This is beautifully built-out and furnished space that's ideally suited to Arista's requirements," says Furst. "We're delighted to have been able to consummate this transaction so quickly and efficiently on behalf of our client." Both Arista and Random House are divisions of German media conglomerate Bertelsmann AG.