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Omnicom Group renews 55,078 s/f.

SL Green Realty Corp. announced today that the Omnicom Group has signed a lease renewal covering 55,078 s/f at 220 East 42nd Street. Omnicom is a global leader in advertising, marketing and communications.

The 37-story, 1,096,067 square foot tower also known as "The News Building," was made famous in the Superman television series in the 1950s, and the landmarked lobby featuring a rotating globe continues to be a tourist attraction today. The building offers stunning river views and a prestigious tenant roster that includes Pfizer, Tribune Broadcasting, WPIX and Neuberger Berman.

"Omnicom is one of the world's great companies and we're delighted to extend our valued relationship with them," noted Steven M. Durels, executive vice president and director of leasing and real property. Omnicom occupies almost 700,000 s/f throughout the SL Green Portfolio.

Lee Feld of Feld Real Estate exclusively represented Omnicom in the transaction.

Omnicom Group is a strategic holding company that manages a portfolio of global market leaders. Our companies operate in the disciplines of advertising, marketing services, specialty communications, interactive/ digital media and media buying services.
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Publication:Real Estate Weekly
Date:Apr 30, 2008
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