Young & Rubicam Closes $143M Columbus Circle Space Buy

Law360, New York (September 27, 2012, 3:29 PM EDT) -- Advertising agency Young & Rubicam Group has closed on its $143.6 million purchase of a 214,372-square-foot portion of the commercial condominium at 3 Columbus Circle in New York, according to property records filed with the city Thursday.

SL Green Realty Corp. sold the space to Young & Rubicam through First American Exchange Co., an intermediary for tax-deferred exchanges, in a deal that closed Sept. 11, according to the deed.

The advertising giant's new space covers floors three through eight, adding a big chunk of square footage...
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