Advertising agency McCann Worldgroup has signed a 15-year lease extension at Cohen Brothers Realty’s 622 Third Avenue (AKA Grand Central Plaza). The firm’s 450,000 square-feet office lease was set to expire in 2021, according to NYPost.
Be Smart: Asking rent on the deal was $70 per square feet.
Worth Noting: McCann will continue to occupy floors 2-5 and 16-28 in the 986,441 SF office tower. The 39-story building is nearly 100 percent leased, and is located at the corner of East 40th Street.