In a release, Douglas Winshall, EVP of landlord TaconicInvestment Partners, says the deal "speaks to the strength of the111 Eighth Ave. brand." He adds that the three-million-square-footproperty, which is fully occupied, is "a key reason" for thestrength of the Chelsea/Meatpacking District.


Because 111 Eighth is fully leased, Taconic worked with thefloor's current occupant, United Jewish Communities, to makearrangements for UJC to surrender its space there and sign a newlease for available space Downtown, according to the release. CBRichard Ellis vice chairman Brian Gell, who represented Taconic,says in the release that credit is due to Taconic, Lifetime and UJC"for being able to negotiate such a complex, three-party deal inthe current market environment." Lifetime is relocating fromWorldwide Plaza at 825 Eighth Ave.


The network, whose holdings include Lifetime Television andLifetime Movie Network, was represented by CBRE vice chairmen ScottGottlieb and Michael Laginestra, SVP Joan Meixner, and FredFackelmayer, senior financial analyst with CBRE Consulting.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.