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Deals & Dealmakers

Bloomberg expands to take another 204,442 s/f at 919 Third Avenue

Media conglomerate Bloomberg has expanded its lease at 919 Third Avenue less than six months after moving into the building. The company, which signed a 254,556 s/f lease at the tower last February, will take an additional 204,442 s/f of space. Its total tenancy in the building is now 458,998 s/f.

“This transaction underscores the healthy leasing activity that we have seen in the Midtown market,” said Steven Durels, Director of Leasing and Real Property at SL Green. “We are delighted that Bloomberg selected 919 Third Avenue to satisfy their expansion needs.”

The 47-story building, which covers the entire block between East 55th and 56th Streets, has 1.5 million s/f of space. Bloomberg shares the building with companies such as Bloomingdales, which has 204,442 s/f of space, and WeWork, which has 136,000 s/f of space.

Bloomberg has two other office locations in New York: 731 Lexington Avenue (its headquarters) and 120 Park Avenue. With the new lease, Bloomberg’s offices will now cover floors five to nine and part of the eleventh floor. The lease term lasts through February 2029.

Craig Reicher, Howard Fiddle, Chris Mansfield and Chris Corrinet of CBRE represented Bloomberg. Meanwhile, SL Green negotiated the transaction in-house.

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