Omnicom Snaps Up 100,000-Plus Feet at 195 Broadway

Advertising and marketing giant Omnicom Group has agreed to lease between 100,000 and 200,000 square feet at L&L Holding Company's 195 Broadway, according to sources familiar with the deal. The lease is part of an expansion by Omnicom, which is based in 437 Madison Avenue.

The lease will mark one of the largest deals downtown of late, as outside of Larry Silverstein’s 7 World Trade Center – where the wily developer patiently waits for a willing, deep-pocketed tenant to fill the remaining 28 percent of his tower – there are hardly any large blocks of space available.

That is, until 2012, of course, when the problem of little space availability will be rendered moot many times over.

The Observer will have more on the deal in Wednesday's paper.