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CBS gets distance from Viacom; Some staff moving out of headquarters; audit board counts 3 times the space.(Real Estate)(contracts between CBS Corp. and Viacom Inc.)(Public Company Accounting Oversight Board)(Filene's Basement Corp.)

Crain's New York Business

| March 20, 2006 | COPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Cbs corp., after splitting off from Viacom late last year, is moving some employees out of Viacom's headquarters. It has signed a 12-year lease for an additional 65,000 square feet at 555 W. 57th St., at the corner of 11th Avenue.

The transaction brings the company's total space in the 20-story building to more than 253,000 square feet and makes CBS the largest tenant there. The asking rent in the building, which also houses the BMW of Manhattan dealership, is $40 a square foot.

The CBS workers who are relocating from Viacom's headquarters at 1515 Broadway, between West 44th and 45th streets, will be joined by colleagues from some other CBS offices. The 57th Street building and …

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Source: HighBeam Research, CBS gets distance from Viacom; Some staff moving out of headquarters;...

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