Friday, March 24, 2006

Jones Lang LaSalle

WNYC plans move into new downtown offices
by Julie Satow


After more than eight decades in the same downtown offices, New York Public Radio is finally moving.

WNYC has signed a 20-year lease for 75,600 square feet at 10 Hudson Square, located on Varick Street in Soho. The building’s asking rent is around $33 per square foot.

WNYC, which was city-owned until nine years ago, is moving from the Municipal Building at Centre and Chambers streets. It has been at the location -- where it occupies only 51,400 square feet -- since its first broadcast 81 years ago. The station hopes to move over the next 12 to 18 months, following construction of the new offices.

"Our long history here solidified our resolve to remain in lower Manhattan, where events in recent years have cemented our relationship with this neighborhood," said Laura Walker, the chief executive of WNYC.

The new digs are comprised of 71,900 square feet, or two-and-a-half floors, in the 12-story building. It will also have a 3,700-square-foot performance space on the building’s ground floor. The Lower Manhattan Development Council awarded WNYC a $1.5 million grant last week to build the performance space.

Cushman & Wakefield Inc. represented WNYC and the landlord of 10 Hudson Square, Trinity Real Estate, represented itself.