NEW YORK CITY-Omnicom Group is leasing 80,475 sf of office space at 200 Varick St. in the downtown Hudson Square area. Despite housing other companies at the same address–Doremus, Merkley Partners and Eventis–Omnicom inked a new 11.5-year lease for the new space with expansion rights.
The building reps did not know which of the company’s brands would be moving into the new space. Asking rent for the 12-story building is $45 per sf and, although a representative of the property could not give exact amount of the lease, Omnicom’s lease is “pretty close” to that price, they say.
The representative–noting that it was advantageous for Omnicom to already be embedded in the building–says, “the owner was really happy to have Omnicom coming in for additional space.” The deal was brokered by Lee Feld from Feld Real Estate with Donna Vogel from Newmark Knight Frank representing 200 Varick St.
The property 200 Varick St. is in the heart of the West Village home to many creative companies. Omnicom Group is one of the world’s largest advertising company’s in the world and has its headquarters at 437 Madison Ave. here.