STAMFORD, CT—Time Inc. has signed a long-term lease for 66,530 square feet at 225 Highridge Rd. here for its multi-channel marketing group, Synapse Group. The firm bills itself as the largest consumer magazine subscription marketer in the US.

According to Savills Studley EVP Matthew Barlow, who represented the tenant in the negotiations, alongside executive director Howard Nottingham and senior managing director Craig Lemle, the media company considered multiple office space configurations, on and offsite, before signing an early renewal and lease restructure at its existing location.

The landlord, RXR Realty, was represented by Greg Frisoli of NGKF and in-house by Joel Cardillo.

“Time Inc. began its strategic planning well in advance of its lease expiration, a strategy that always pays off,” Barlow says.  “The company considered various scenarios to refresh the space to meet the company's new workplace standards that provide a more collaborative, efficient workplace in line with the rest of the brand.

He continues, “It permits Time Inc. to customize and define its occupancy as it sees fit, from as large as its current 77,000 square feet down to 57,000 square feet.”

Along with chairman & CEO Mitchell Steir and president Michael Colacino, Savills Studley has advised Time Inc. on numerous transactions, including its 1.75-million-square-foot headquarters restructure at 1271 Avenue of the Americas/135 W. 50th and its most recent 700,000-square-foot relocation to Brookfield Place.

STAMFORD, CT—Time Inc. has signed a long-term lease for 66,530 square feet at 225 Highridge Rd. here for its multi-channel marketing group, Synapse Group. The firm bills itself as the largest consumer magazine subscription marketer in the US.

According to Savills Studley EVP Matthew Barlow, who represented the tenant in the negotiations, alongside executive director Howard Nottingham and senior managing director Craig Lemle, the media company considered multiple office space configurations, on and offsite, before signing an early renewal and lease restructure at its existing location.

The landlord, RXR Realty, was represented by Greg Frisoli of NGKF and in-house by Joel Cardillo.

“Time Inc. began its strategic planning well in advance of its lease expiration, a strategy that always pays off,” Barlow says.  “The company considered various scenarios to refresh the space to meet the company's new workplace standards that provide a more collaborative, efficient workplace in line with the rest of the brand.

He continues, “It permits Time Inc. to customize and define its occupancy as it sees fit, from as large as its current 77,000 square feet down to 57,000 square feet.”

Along with chairman & CEO Mitchell Steir and president Michael Colacino, Savills Studley has advised Time Inc. on numerous transactions, including its 1.75-million-square-foot headquarters restructure at 1271 Avenue of the Americas/135 W. 50th and its most recent 700,000-square-foot relocation to Brookfield Place.