Big Block 331K-sf Sublease at Brookfield Place Hits Market

Following the recent $2.7 billion acquisition by IAC’s Dotdash of Meredith Holdings Corp., the newly rebranded publisher Dotdash Meredith is downsizing its space within Brookfield Place at 225 Liberty Street. A total of 331,509 square feet spanning entire 7th through 9th floors has come online, the sublease that extends through December 2032 has an asking rent of $49 per square foot — about half what landlord Brookfield Office Properties “wants for some direct leases at the property.” Another 68,000 square feet of Dotdash’s former offices at nearby 28 Liberty Street has also been introduced to the market with an asking rent of $50 per square foot as a result of the merger.