The Agency for the Performing Arts (APA) has signed a 21,000-square-foot lease for new headquarters space at 3 Columbus Circle. APA will relocate from its current location at 135 West 50th Street and occupy the new space in December. The company also has offices in Los Angeles, Nashville, Atlanta, Toronto and London.
“While we were close to coming to terms on space that needed to be built, we never stopped looking and uncovered a highly improved built option with spectacular Central Park views in a newly renovated building at a competitive rent.” said Savills executive managing director Scott Weiss, who brokered the deal with Erik Schmall, vice chairman. “Because APA was prepared and saw the value in the location and deal terms, we were able to move quickly on the opportunity.”
Located on the 21st floor, the state-of-the-art space offers high end finishes and scenic views of Central Park. The 26-story tower is in close proximity to public transportation, parking options and retail options.
“We wanted an office environment that was more modern and reflective of our brand,” said APA President and CEO Jim Gosnell. “Savills was able to secure a financially sound deal on a space that needed little to no capital improvements, saving us additional real estate costs.”
Landlord Moinian Group was represented by John Fanuzzai and Harley Dalton of JLL.