August 8, 2019
The New York Times Company has signed a 15-year lease for three full floors at Court Square Place in Long Island City, encompassing 57,846 square feet. The Times, which has been expanding its workforce in recent years, plans to relocate 350 employees from its headquarters building at 620 Eighth Ave. in Manhattan.
The deal brings Court Square Place to 100% occupancy. Robert Mitchell of Byrnam Wood represented The New York Times Company in the transaction. JRT Realty Group represented the property’s ownership, the United Nations Federal Credit Union.
“The strength of the Long Island City office market remains stellar, and The New York Times’ arrival is a prime example the area’s broadening appeal to diverse companies,” said JRT’s Greg Smith. “Court Square Place has been at the forefront of Long Island City’s growth, and attracting a global brand of The New York Times’ stature continues that trend.”
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