195 BROADWAY Photo courtesy of William Leggio Architects
Omnicom, one of the world’s largest advertising agencies, is expanding its presence in Manhattan’s downtown business district by taking another full floor comprising 39,347 s/f at 195 Broadway.
The move brings its total footage in the 29-story landmarked property to over 260,000 s/f.
The distinctive million square foot building, which once served as the New York headquarters of AT&T, is owned by L&L Holding Company, LLC in partnership with Beacon Capital Partners.
The William Welles Bosworth designed property is located between Lower Manhattan’s two major public transportation hubs — the Fulton Street Transportation Center and the Calatrava Path station at the World Trade Center.
“We are delighted that one of the giants in the field of advertising has chosen to grow its business at 195 Broadway in the heart of Manhattan’s resurgent downtown marketplace,” stated L&L chairman and CEO David Levinson.
“This is another example of a creative business deciding that the future is now in terms of the functionality and energy blossoming in lower Manhattan.”
Lee Feld of Feld Real Estate, represented Omnicom in the long-term expansion while David C. Berkey of L&L Holding Company, LLC, represented ownership.
The Omnicom Group includes three of the top 10 worldwide advertising brands — BBDO Worldwide, DDB Worldwide, and TBWA Worldwide as well as three of the top seven public relations firms — Fleishman- Hillard, Ketchum and Porter Novelli.
