522 Fifth for sale?522 Fifth Avenue, purchased last summer by Stellar Management, may soon be back on the auctioning block, a source has revealed. But likely not before the 575,000 s/f building, from which JP Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Chase will vacate To annul, set aside, or render void; to surrender possession or occupancy. The term vacate has two common usages in the law. With respect to real property, to vacate the premises means to give up possession of the property and leave the area totally devoid of contents. this summer, sees some significant leases. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the source, three separate financial firms have submitted proposals to take portions of the building, each deal worth "between 150,000-200,000 s/f." Because the firms are interested in overlapping spaces, all three deals are not likely to close, "but two out of three could." The building has $75 psf asking rents. Cushman & Wakefield broker Mitchell Mitchell, city (1990 pop. 13,798), seat of Davison co., SE S.Dak.; inc. 1881. Mitchell is a trade, distribution, and shipping center for a dairy and livestock area. Konsker is the lead agent for the building and would also participate in brokering its sale. Konsker did not return REW's calls. |
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