NBC is leaving downtown! NBC has negotiated a termination of their lease and will be moving out of downtown in October 2016. Comcast will be relocating the studio and office space to the suburbs into a company-owned building. This will be a big loss to downtown and to 225 Broadway where NBC has building top signage, their ground floor TV studios as well as the entire 3rd floor. Good news is that it frees up building top signage for someone else!
Also, we’ve gotten word that floors 1 & 2 – along with building top signage – can be made available at 600 B Street. This presents two new options for large companies wanting great identity in downtown. For 600 B Street, this now provides for the entire lower half of the building as vacant — more than 160,000 square feet of contiguous space!
Rumor has it that the YMCA building at 500 West Broadway is going on the block! After a failed run as a low-income hotel coupled with other financial difficulties, this very unique opportunity will soon be available for all you incredibly creative (and extensively well capitalized) investors. Stay tuned!
Jason Hughes is chairman, CEO, and owner of Hughes Marino, an award-winning commercial real estate company with offices across the nation. A pioneer in the field of tenant representation, Jason has exclusively represented tenants and buyers for more than 30 years. He writes about topics in commercial real estate from a tenant’s perspective on his blog, Downtown Dirt. Contact Jason at 1-844-662-6635 or firstname.lastname@example.org to learn more.