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The makers of the Grand Theft Auto series, Take-Two Interactive, renewed the lease on its NoHo headquarters at 622 Broadway. The company originally took over the 69,000 square foot space in 2002, not long after the release of Grand Theft Auto III.
Crain’s New York Business reported that the asking rent on the 10-year renewal was $47 per square foot. Take-Two, represented in the deal by CBRE Group Inc., occupies four floors in the building.
Yuco Mangement owns the building, which is located between Bleecker and Houston, and they are represented by the Newmark Knight Frank brokers William Cohen and Mark Weiss.
Harley Stevens, a broker from CBRE, told Crain’s that Take-Two was able to negotiate a lower starting rent than what they paid in 2002. Yuco also agreed to add signs promoting Take-Two on the building’s exterior and will redesign the lobby.
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