CBS Radio/NY Reportedly Heading Downtown
January 5, 2007 at 8:33 AM (PT)
CLEAR CHANNEL RADIO/NEW YORK announced a downtown move in DECEMBER (NET NEWS 12/6), and now it appears CBS RADIO may be following them in that direction. REAL ESTATE WEEKLY reports CBS RADIO finally found its home of 75,000 square feet at 345 Hudson Street in MANHATTAN.
CBS will take the 10th and 11th floors with rents starting at $34.50 a square foot for the first five years, $37.25 in the next five years, $40.75 for the next five, and $43.75 for the last five, according to a source familiar with the deal. CBS will get the first five months free as well as a promise of future work on the HUDSON SQUARE space from the landlord, TRINITY REAL ESTATE.