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Bell Atlantic leases on Hudson St.


In a transaction arranged by Newmark & Company Real Estate, Inc., Bell Atlantic Global Networks, the long-distance long-dis·tance
adj.
1. Covering a long distance: a long-distance runner; operating under long-distance supervision.

2.
 subsidiary of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications.  giant Bell Atlantic, leased 26,000 square feet of office space at 325 Hudson Street Hudson Street can refer to:
  • The Manhattan street -- see Hudson Street (Manhattan)
  • The 1978 TV series A.E.S. Hudson Street
  • The 1995 TV series "Hudson Street -- see Hudson Street (TV show)
.

The building, a 214,708 square-foot Class A office property, was recently converted into a "carrier hotel" serving the telecom and high-tech industries. Bell Atlantic Global Networks will utilize the space as its corporate headquarters.

The Newmark & Company team of David. Falk and Tom Panitz, along with George Tunis, negotiated the 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.
 transaction on behalf of Bell Atlantic.

Newmark & Company Real Estate, Inc. currently leases and/or manages 46 million square feet of commercial space, including a seven million square-foot portfolio owned by the principals of the firm.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Feb 16, 2000
Words:122
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