Even as its neighbor on the north side of West 41st Street, 11 Times Square, struggles to land its first tenant, Forest City Ratner Companies has agreed to two new leases at the New York Times Building on 8th Avenue. The deals, which were inked with the Government of Flanders and Autonomy Inc., leave just one space of approximately 6500 square feet remaining in what was the speculative office portion of the building.
The Government of Flanders took 7400 square feet on the tower’s 44th floor, where it will open an office of tourism and cultural house. Automony, Inc., which is the second largest software company in Europe, will lease 5375 square feet of space on the 38th floor. CB Richard Ellis represented Forest City in both deals, with NAI Global for Flanders.
Forest City and the New York Times own the tower jointly; the Times owns floors 2-27 and Forest City 29-50 and 52 (plus ground floor retail). The companies co-own floors 28 and 51. As you’ll recall, despite significant green design features, the tower opted not to pursue a LEED rating for a variety of reasons, including the costs of certification.