Alcoa leases at Lever House.RFR RFR Radio Frequency Radiation RFR Request For Resources RFR Right of First Refusal RFR Radio Free Roscoe (TV show) RFR Risk-Free Rate (investing) RFR Rio Frio, Costa Rica Realty, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has negotiated a lease for five floors representing 51,000 square feet of office space with Alcoa Inc. at the Lever House Lever House, designed by Gordon Bunshaft of Skidmore, Owings and Merrill and located at 390 Park Avenue in New York City, is the quintessential and seminal glass box International Style skyscraper, and holds the distinction of being the first curtain wall in New York City. , the 21-story landmark office building at 390 Park Avenue. Alcoa, the world's leading producer of primary aluminum, will take possession of floors 9 through 13 immediately and will soon begin construction on the space, which they expect to occupy by mid-year 2000. Alcoa, which is headquartered in Pittsburgh, PA, signed a 20-year lease for the space in the building, which is located on the entire westerly blockfront of Park Avenue from 53rd to 54th streets. Due to Alcoa's international growth, the company, which had a 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 in the late 1970's, believes a presence in Manhattan will be a great benefit to their expanding business. Mark Granata, president of RFR Realty, represented the ownership, RFR Holding LLC, headed by Aby Rosen Aby Rosen is a real estate tycoon living in New York. He was born in Frankfurt, Germany in 1960. As the son of Jewish holocaust survivors, he grew up in a traditional Jewish community and environment in Frankfurt. and Michael Fuchs, in the negotiations with Alcoa. Vincent Carrega, Howard Grufferman, Merrill Roth and Michael Gotleib of Grubb & Ellis represented the tenant. "Based on the property's central location and superior design, we've been able to generate a significant amount of interest from corporate tenants and have been leasing space at solid market rents that reflect the current tightening market conditions in Midtown," said Granata. "We are extremely pleased to welcome a corporation with the prestige of Alcoa to the property, and look forward to a long and mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship with the company." The Lever House, which was designated as a landmark in 1982 by the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Landmark Preservation Commission, was designed by Skidmore, Owings & Merrill and built in 1952 specifically for Lever Brothers Company. Unilever had net-leased and occupied the entire building since then for its U.S. headquarters. The Company slowly vacated the building after announcing in 1997 that it would move its Lever Brothers division to Greenwich, CT. RFR Holding purchased the Lever House in the fourth quarter of 1998 and has since begun a $30 million capital improvement program to upgrade its 290,000 square feet and reposition it for multi-tenant use. At the time of the sale, RFR negotiated a leaseback of the top four floors of the building to Unilever United States, Inc. for a total of 40,000 square feet of space. RFR also owns and manages 400 Park Avenue, a neighboring building to the Lever House. |
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