Colliers ABR arranges Conde Nast expansion.

Adding to an impressive spate of leasing activity at the building, publishing giant Conde Nast has just signed a lease for 107,000 square feet at 1440 Broadway.

The lease brings the building to 95 percent occupancy, and highlights the successful leasing and repositioning campaign conducted by Colliers ABR, Inc. since it became exclusive agent less than three months ago.

At that time, Colliers represented Max Capital Management Corp. in its purchase of 1440 Broadway after which the new owners named Craig Panzirer, (who represented Max Capital in the purchase), Jim Millard and Peter Occhi exclusive leasing and management agents for the 25-story, 700,000 square-foot office tower. Since then, the team leased more than 400,000 square feet of space and brought four major tenants to the building, among them Internet company About.com and Kaplan Educational Centers.

The latest transaction is an expansion for magazine publisher Conde Nast, which outgrew its space at 4 Times Square, and will occupy the 10th through 12th floors of 1440 Broadway. "Times Square," Millard noted, "Continues to be the hottest submarket in Manhattan."

The Colliers ABR team represented Max Capital Management Corporation in the 15-year transaction. Mary Ann Tighe, David Hollander, Gregory Tosko and Ken Meyerson of Insignia/ESG negotiated the deal on behalf of the tenant.

Commenting on the leasing campaign, Panzirer said, "We are extremely pleased to have completed this important, challenging assignment in less than 90 days. Our teamwork and our credibility within the industry were extremely helpful in our success on behalf of our client."