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24,000 s/f Park Ave. renewal.


The Olayan Group Olayan Group (Arabic: مجموعة العليان), is a Saudi conglomerate established in 1947 by Sulaiman S. Olayan (November 5, 1918 - July 4, 2002). , a multi-national private investment company, signed a long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 deal to renew 24,453 square feet at 505 Park Avenue. Olayan will continue to occupy the entire 10th and 11th floors in the 200,000 sq. ft. building owned by Glorious Sun--505 Park Corp.

Paul Paul, 1901–64, king of the Hellenes (1947–64), brother and successor of George II. He married (1938) Princess Frederika of Brunswick. During Paul's reign Greece followed a pro-Western policy, and the Cyprus question was temporarily resolved.  Revson, Principal with the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 office of The Staubach Company represented The Olayan Group in the negotiations and Paul Amrich with Cushman & Wakefield represented the landlord.

The Olayan Group is a private multinational enterprise comprising 50 companies engaged in distribution, manufacturing and investment.
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 20, 2005
Words:91
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