Bear Stearns takes Lincoln space.Bear, Stearns & Co. Inc. has leased 3,338 s/f of office space in The Lincoln Building The Lincoln Building is an office building located on 60 East 42nd Street in New York City, opposite Grand Central Terminal. It was completed in 1930. The architect was James Edwin Ruthvin Carpenter. It is 673 feet (205 meters) tall with 53 stories and built in neo-gothic style. to house Bear Measurisk, a subsidiary of Bear Stearns The Bear Stearns Companies, Inc. (NYSE: BSC) is the parent company of Bear, Stearns & Co. Inc., one of the largest global investment banks and securities trading and brokerage firms in the world. Asset Management (BSAM BSAM Basic Sequential Access Method BSAM Basic Software Acquisition Management course (at IRMC/DSMC also known as SAM 101) BSAM Business Subject Area Model BSAM Bachelor of Shuddha Ayurvedic Medicine BSAM Basic Synchronous Access Method [R]) and a leading provider of risk transparency and risk monitoring solutions. Bear Measurisk will move into the space during the first quarter. "The location is ideal for Bear Measurisk, since associates will remain in close proximity to their Midtown clients as well as to Bear Stearns' world headquarters just a few blocks away at 383 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. ," says Stephen P. Snell, general manager of The Lincoln Building. The seventh largest securities firm in the world in terms of capital, Bear Stearns has offices in seven other U.S. cities and maintains a significant presence in the European and Asian markets. "Several other publicly-traded companies, including EDO Corporation EDO Corporation (NYSE: EDO) is an American company that designs and manufactures products for defense, intelligence, and commercial markets, and provides related engineering and professional services. It employs 4,000 people worldwide and had revenues of $715 million in 2006. , Sun Life Financial, York International and Pfizer, have recently moved into the building or expanded their space," notes Mr. Snell. "We're delighted to add Bear Stearns to this list." The building's increasingly high-profile tenant roster reflects recent upgrades to the property. As Mr. Snell explains, "We've spent $30 million on enhancements to date, and we have budgeted $55 million more for additional work. It's clear, when you consider the leasing activity of recent months, that this is money well spent." The Lincoln Building has so far completed $30 million of enhancements. |
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