Time Inc. has signed a 15-year lease for 700,000 square feet with Brookfield Office Properties at 225 Liberty St. in lower Manhattan as the location for its new corporate headquarters. The office building is one of five towers that comprise Brookfield Place.
Time will be leaving its Midtown location at 1271 Avenue of the Americas, the Time & Life Building, at 50th Street, where it has been since 1959. With an existing lease reportedly due to expire in 2017, Time expects to move at the end of 2015 and will occupy six floors of the 44-story, 400,000-square-foot Brookfield tower.
