"My landlord gave me the runaround and said subleasing
wasn't permissible," she recalls.
The company, which took more space than it needed in order to provide room in which to grow, has been subleasing
the 20th floor in a string of short-term deals.
Another existing tenant, printing firm Merisel, then expanded, subleasing
the entire fifth floor.
In addition to shedding its offices at 111 Livingston Street, the healthcare company will also be subleasing
other offices at 180 Livingston Street, 45 Main Street in Dumbo, and 33 Irving Place in Manhattan.
Aon wound up subleasing
220,000 s/f in the building that was being offered by Wachovia, which has shed massive blocks of space downtown that it had inherited as a result of a 2003 merger with Prudential Securities.
At a time when full floors (of approximately 12,000-plus square feet) are scarce in the ever-tightening Plaza District submarket, Taubin was able to secure a new long-term direct lease with the landlord on the floor, of which his client is currently subleasing
approximately half, to commence upon the expiration of the sublease in July 2007.