McGraw Hill to Depart Namesake Tower in Move to Downtown

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McGraw Hill Financial Inc. plans to move about 250 employees to lower Manhattan as it leaves the Midtown building that bears its name, becoming the latest information-related company to depart the area.

The move from the McGraw Hill Building on Avenue of the Americas between 48th and 49th streets will help the company by “consolidating our real estate footprint, enhancing collaboration by bringing more of our employees together and lowering our future costs,” said Jason Feuchtwanger, a McGraw Hill spokesman.