ALM Media Relocates to Midtown Manhattan’s Grand Central Submarket
Colliers Professionals Continue Relationship
New York, February 12, 2018 –Colliers International’s Tri-State President Michael Cohen, Vice Chairman Leon Manoff and Executive Managing Director Robert Goodman represented ALM Media in a relocation within New York City. The integrated digital media company leased approximately 46,000 square feet of space at 150 East 42nd Street on a long-term lease.
ALM delivers premium content to professionals in the legal, financial services, benefits, consulting, property and casualty insurance, and real estate industries through such publications and online resources as Law.com, The National Law Journal, New York Law Journal, ThinkAdvisor, GlobeSt.com and Real Estate Forum. The company will relocate to the mezzanine floor of the Grand Central submarket property from 120 Broadway in Q3 2018.
According to Mr. Cohen, “ALM is a savvy organization that has made strategic real estate decisions that afforded significant economic advantages. The company’s locational flexibility has allowed them to leverage current market dynamics to secure advantageous space that fosters the collaboration on which they thrive. 150 East 42nd Street is a Class A building positioned directly across from Grand Central Terminal — a perfect location for accessing its target audience.”
“We are thrilled to be making this move back up to Midtown,” said Bill Carter, CEO at ALM. “This new location will allow our employees to have a highly collaborative and open environment to help us innovate and grow as a company.”
ALM, investor EagleTree Capital, Mr. Cohen, Mr. Manoff and Mr. Goodman have worked together to determine real estate strategies in the past. The Colliers professionals previously assisted the company in leasing space at 345 Park Avenue South and 120 Broadway.
About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.
About EagleTree Capital
EagleTree Capital (formerly Wasserstein Partners) is a mid-market private equity and investment company focused on the media and communications, consumer products and water and industrial sectors. The firm manages capital on behalf of institutional and individual investors and is currently investing EagleTree Partners IV. EagleTree Capital is located in New York. For more information, visit www.eagletree.com.
For further information, please contact:
Colliers International Media Contact:
Mary Ryan, Managing Director, Marketing & Communications
ALM, an information and intelligence company, provides customers with critical news, data, analysis, marketing solutions and events to successfully manage the business of business. ALM serves a community of over 6 million business professionals seeking to discover, connect and compete in highly complex industries. Please visit www.alm.com for more information, and visit www.alm.com/events/ to learn about our upcoming events. Please follow us on Twitter at @ALMMedia.