Jones Lang LaSalle


CBS Signs 12-Year Expansion Lease, Adds 65,000 SF
March 21, 2006
By Gail Kalinoski, Contributing Editor

CBS Broadcasting Inc. has added nearly 65,000 square feet of space to its offices and studios at 555 West 57th St. in Manhattan, giving it a total of 253,316 square feet under a 12-year lease expansion signed with building owner SL Green Realty Corp.The additional space makes CBS the largest tenant at the 20-story building that has 975,983 square feet, a parking garage and Hudson River views.

Other tenants in the 33-year-old building located at the corner of 11th Avenue include BMW, Ticketmaster, St. Luke's Roosevelt and The City University of New York.SL Green and CBS officials did not return calls for comment by deadline. The details of the lease were not disclosed, but rents in midtown Manhattan average about $53.69 per square feet, according to CB Richard Ellis Inc. research.In March 2004, when it signed a 10-year-lease extension, CBS was using four floors in the building mostly for studio, technical and office space for "60 Minutes" as well as other programs like the syndicated newsmagazine "Inside Edition."