Simon & Schuster Stays Put in Midtown

while other properties of its parent company, Viacom, are getting the hell out of Midtown because of rising rents, Simon & Schuster is staying put at its Sixth Avenue Offices, reports the Observer, and will do so for the next seven years. It will keep space on floors 4, 9 through 14, and 17. The five-year renewal is a short one, lasting through 2014, for $62 per foot with two months free, said a source. Tishman Speyer owns 1230 Avenue of the Americas, across the street from Rockefeller Center, and the firm managed the deal.

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