Cushman & Wakefield Engineers Publisher's Lease Extension and Realignment
Media Contact: Evelyn Weiss Francisco (201) 796-7788
ENGLEWOOD CLIFFS, N.J., Jan. 28, 2013 - In a transaction driven by efficiencies and the need to reconfigure, Heinrich Bauer Publishing has signed a long-term 48,000-square-foot lease extension that will realign its space at 270 Sylvan Avenue in Englewood Cliffs, N.J. The tenant was represented by Curtis Foster of real estate services firm Cushman & Wakefield, Inc., and landlord Denholtz Associates was represented in-house by Steven Geltzeiler.
The signing follows a transaction in early 2012, similarly engineered by Foster, that added 13,600 square feet to Heinrich Bauer's presence at 270 Sylvan Avenue.
"Heinrich Bauer will be relocating various publications and operating groups within the building to create additional synergies," said Foster, noting that the company has occupied space at 270 Sylvan Avenue for more than two decades. The publisher's magazines include Life and Style, In Touch Weekly, Women's World and First for Women, among others.
"The slight reduction in space was not because of a business issue, but rather because of the need to create greater efficiencies," he said. "The company felt there was a better way of doing business in the same building from an operational standpoint by giving up certain space and taking other space.
"The landlord was very accommodating in working with Heinrich Bauer, and the company is pleased to continue the relationship," said Foster. "Proximity to Manhattan and the need for evening and weekend access to its offices are among the tenant's requirements, and the fact that the landlord was able to meet those operational needs is justly welcomed."
Constructed in 1987, 270 Sylvan Avenue comprises 130,000 square feet on three floors. "Bauer has been a valued, long-term tenant at this location, and we are pleased to be able to accommodate them and continue that relationship," said Geltzeiler.
Headquartered in Hamburg, Germany, Heinrich Bauer is a worldwide media empire with more than 300 publications in 15 countries, along with a wide range of radio, television and digital media properties.