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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. 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.