Cushman & Wakefield announced today that the real estate services firm has arranged a long-term, 16,000-square-foot, full-floor lease for Future plc at 130 West 42nd Street in Midtown Manhattan.
Cushman & Wakefield’s David Dusek represented the tenant in the transaction. Brad Needleman and Matthew Augarten of Newmark represented the landlord, Tribeca Associates.
“Future plc is quickly expanding across the United States and has a sizeable presence in New York City,” said Dusek. “130 West 42nd Street offered Future plc a move-in ready, plug-and-go space. Tribeca Associates understood the tenant’s need for flexibility to continue expanding and we were able to reach terms that were desirable for both the tenant and landlord.”
Future plc is a global multi-platform media company based in the UK that is the name behind more than 220 market leading brands that span the technology, games, TV and entertainment, women’s life style, real life, music, creative and photography, sports, home interest and B2B sectors.
In 2016, Future plc started to expand its web and print portfolio through a series of acquisitions and has continued diversifying its portfolio through 2021. Most recently, Future plc acquired 12 magazines, including multiple from Dennis Publishing, in August 2021.
130 West 42nd Street is a 250,000 s/f, 29-story office property situated between Sixth Avenue and Broadway.