Jones Lang LaSalle


`Great' new home for TV producer

The popular PBS kids series Nate the Great is moving to Broadway. The Creative Group, which produces the program, has subleased 43,000 square feet at 1372 Broadway, at the corner of West 37th Street.

The production company's new space, comprising the mezzanine and entire second floor, was vacated by Li & Fung Ltd., an export trading company that has moved into 94,000 square feet at 1359 Broadway.

The move allows the Creative Group to consolidate three midtown offices, according to Alexander Churdnoff, senior director at Cushman & Wakefield Inc., which represented Li & Fung. Norman Bobrow & Co. represented the Creative Group.

The building's asking rent is about $41 a square foot, and the asking rent for the sublease was $36 a square foot.

The Creative Group, which holds the sublease through 2017, will use the space for offices, production and postproduction work.

"The second floor has 18-foot ceilings, great light coming from the avenue, and infrastructure," Mr. Churdnoff says.

--Julie Satow