Media firm Publicis Groupe will occupy 113,945 square feet in Vornado's One Penn Plaza after initially agreeing to sublease space from Direct Brands Inc. before accepting the offer of a prime lease from the landlord...
Studley Executive Vice President Ken Ruderman and Senior Managing Director Brad M. Wolk initially crafted a sublease between their client, Direct Brands, and Publicis Groupe before Vornado stepped in. For its part, Direct Brands relocated to just under 30,000 square feet at 2 Park Avenue, in another deal negotiated by Ruderman along with Studley assistant directors Gabriel Marans and Peter Cipriano.
"The (Publicis) deal was signed within 35 days of our client vacating their space and relocating to their new offices," said Studley's Ruderman. "Given the size of this transaction, it's an outstanding achievement." Publicis Groupe Sneaks Into 113,945 SF at One Penn Plaza
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