NEW YORK CITY-Time Inc., the magazine unit soon to be spun off from Time Warner, could be headed Downtown. The organization is considering a move from the Time & Life building at 1271 Ave. of the Americas to lower Manhattan, according to Bloomberg.com.
The publisher of such titles as Time, Sports Illustrated, People and Fortune is hunting for about 600,000 square feet of space. The company reportedly has held talks with the landlords of Brookfield Place, 4 World Trade Center and the former Goldman Sachs Group Inc. headquarters at 85 Broad St.
The Rockefeller Group, which owns the Time & Life Building, is trying to retain the publisher as a tenant. The Time Inc. lease expires in 2017. < strong > Studley is representing Time in its lease discussions...Time Inc. Shopping for Large Space Downtown
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