NEW YORK, October 5, 2011 – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that its Brokerage Services Group negotiated a 15-year lease of nearly 94,000 square feet at 150 East 42nd Street on behalf of Aegis Media Americas, Inc. (Aegis Media). The UK-based media and digital marketing communications group is currently subleasing the entire 13th and 14th floors at this location through 2013, at which time it will convert to a direct lease for the new 15 year term, according to Adam Ardise, Vice President, Principal at Cassidy Turley.
“This new deal gives us the opportunity to design our space for a convergent and sustainable future to best enable us to drive innovative solutions for our clients. It also signals our long-term commitment to building a powerful differentiated presence in the US market,” said Nigel Morris, CEO of Aegis Media Americas.
“We have collaborated effectively to meet all of the goals of Aegis Media, building in their innovative vision and commercial goals,” said Richard Bernstein, Executive Vice Chairman, Principal at Cassidy Turley.
Mr. Ardise and Mr. Bernstein at Cassidy Turley represented Aegis in the lease negotiation. The CB Richard Ellis team of Scott Gottlieb, Ed Goldman, Rocco Laginestra and Brian Dooley represented the Landlord.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit www.cassidyturley.com for more information about Cassidy Turley.
About Aegis Group plc
Aegis Group plc is one of the world’s leading media and digital marketing communications groups. Made up of two operating businesses, Aegis Media (Carat, Vizeum, Posterscope, Isobar and iProspect) and Aztec, the scan-based market and consumer insights company, Aegis Group helps clients build consumer relationships by communicating their products and brands effectively. Our services include communications strategy through digital creative execution, media planning and buying, brand tracking and marketing analytics. Aegis Group plc shares are listed on the London Stock Exchange (AEGS.L).