Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Public relations agency Gibbs & Soell is moving to a new space within the Grand Central District, leasing the 44th floor at 60 E. 42nd St. for 10-and-a-half years. The agency will relocate its headquarters into the 12,724-square-foot space in May or June.

In a release, William Cohen, EVP and principal of Newmark Knight Frank, says the property’s long-term ownership, recent $85-million capital improvement program and convenient location across the street from Grand Central Terminal were all considerations for Gibbs & Soell. A partnership led by Peter and Anthony Malkin has owned the 55-story office tower, also known as the Lincoln Building, since 1958.

Gibbs & Soell will relocate from a 15,000-square-foot space at nearby 600 Third Ave., also within the Grand Central District. Asking rents for the 60 E. 42nd space are in the range of $60 per square foot, according to published reports. The agency also has offices in Chicago and Raleigh, NC, as well as affiliated firms in Europe, Latin America and Asia.

Erick Schmall of Studley represented Gibbs & Soell in the lease negotiations. Cohen and NKF colleagues Jonathan Fanuzzi and Ryan Kass represented Lincoln Building Associates LLC, the landlord. The Lincoln Building is part of the W&H Properties portfolio.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.