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Deals & Dealmakers

Publishing giant expands to 90,000 s/f at 3 Park Avenue

Publishing giant Houghton Mifflin Harcourt has leased an additional two-and-a-half floors at Charles S. Cohen’s 41-story office tower at 3 Park Avenue, bringing what will soon be its new Manhattan offices to approximately 90,000 s/f.

After signing a 12-year, 35,000 s/f lease in December for the entire 19th and a portion of the 18th floor of the building, Houghton Mifflin Harcourt has now taken the rest of the 18th as well as the entire 21st and 24th floors.

he publishing house expects to begin relocating from 215 Park Avenue South to its new facilities during the first quarter of 2016.

According to Cohen, the expansion move continues the “leasing renaissance” at the 600,000 s/f midtown skyscraper.

Over the past year or so, new arrivals have included Mimeo.com, Return Path, Inc., Cintra Software and Services, and Assouline, Inc.

David Glassman and Joseph Cabrera of Colliers International represented Houghton Mifflin Harcourt in the t long-term leas.

Marc Horowitz, senior vice president and National Director of Office Leasing at Cohen Brothers Realty Corp., represented the building owner. Asking rent for the space was $63 per square foot.

Situated between East 33rd and East 34th Streets, the class A skyscraper features a new lobby and elevator cabs designed by FXFowle. The property is also home to an on-site New York Sports Club.

Houghton Mifflin, headquartered in Boston, is one of the world’s longest-established publishing houses and largest providers of pre-K–12 education solutions.

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