Done deals report: the top deals in the Manhattan Area over the last two weeks as tracked by CoStar.(1) Money in the Bank Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Commits to 150,000 sq. ft. at 48 West 57th West 57th can refer to:
The Lefrak Organization leased 152,000 square feet to Bank of America at 40 West 57th Street, the firm's "flagship" office property in Midtown mid·town n. A central portion of a city, between uptown and downtown. midtown Noun US & Canad the centre of a town Manhattan Manhattan, indigenous people of North America Manhattan (mănhăt`ən), indigenous people of North America of the Algonquian-Wakashan linguistic stock (see Native American languages). . Lefrak said the transaction represents the largest lease for contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file. space signed in midtown Manhattan so far this year. The bank leased the top seven floors of the 34-story building with occupancy planned for March 2003. The 728,000-square-foot office tower was built by Lefrak in 1972. It is currently undergoing a major renovation designed by Kohn Kohn is a surname, which may refer to:
capacitance, capacity electrical phenomenon - a physical phenomenon involving electricity , re-cladding of the building's facade facade (fəsäd`), exterior face or wall of a building. The term implies ordered placement of its openings and other features and thus seems inapplicable to a wall without design. , and total makeover of the building's lobby and public arcade. Bank of America will join current tenants ICM ICM Intercom ICM Integrated Crop Management ICM International Congress of Mathematicians ICM Information Classification and Management ICM Intelligent Contact Management (Cisco) ICM International Creative Management , Givaudan Fragrances, Marlborough Gallery, Nautica, and Infinity infinity, in mathematics, that which is not finite. A sequence of numbers, a1, a2, a3, … , is said to "approach infinity" if the numbers eventually become arbitrarily large, i.e. Broadcasting in the building. Howard Fiddle of Insignia/ESG represented The Lefrak Organization in the lease transaction. Bank of America was represented by Jones Lang Lasalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. .
(2) 218-232 W 40th St
Tenant Katharine Gibbs School
Tenant Rep Julien J. Studley, Inc.
Landlord 218 W 40th Investors
Landlord Rep Newmark & Company Real Estate, Inc.
Square Feet 57,667
(3) 1500 Broadway
Tenant The Nasdaq Stock Market, Inc.
Tenant Rep Julien J. Studley, Inc.
Landlord Taconic Investment Partners
Landlord Rep Cushman & Wakefield, Inc.
Square Feet 53,000
(4) 622-626 Broadway
Tenant Take-Two Interactive
Tenant Rep Newmark & Company Real Estate
Landlord Moklam Enterprises
Landlord Rep Insignia/ESG
Square Feet 48,000
(5) 750 Third Ave
Tenant RSM McGladrey, Inc.
Tenant Rep Cushman & Wakefield, Inc.
Landlord TIAA Realty Inc.
Landlord Rep Colliers ABR, Inc.
Square Feet 47,772
(6) 101 Park Ave
Tenant Federal Home Loan Bank
Tenant Rep Newmark & Company Real Estate, Inc.
Landlord H.J. Kalikow & Company, Inc.
Landlord Rep H.J. Kalikow & Company, Inc.
Square Feet 41,000
(7) 498 Seventh Ave
Tenant Siemens Transportation Systems, Inc.
Tenant Rep Cushman & Wakefield, Inc.
Landlord Bates North America
Landlord Rep Cushman & Wakefield, Inc.
Square Feet 40,987
(8) 115 Broadway
Tenant Builders Group
Tenant Rep Insignia/ESG
Landlord Capital Properties
Landlord Rep Insignia/ESG
Square Feet 38,802
(9) 1370 Broadway
Tenant Esprit, Inc.
Tenant Rep GVA Williams
Landlord S.L. Green Realty Corp
Landlord Rep S.L. Green Realty Corp.
Square Feet 28,562
(10) 1 Liberty Plz
Tenant Tully Construction
Tenant Rep GVA Williams
Sublandlord Tudor Investment Corp.
Sublandlord Rep Cushman & Wakefield, Inc.
Square Feet 29,912
(11) 32 Avenue of the
Americas
Tenant VoiceStream Wireless
Tenant Rep Rosenhaus Real Estate
Landlord Rudin Management Company, Inc.
Landlord Rep Rudin Management Company, Inc.
Square Feet 17,000
The Information Advantage
2 Week Period of 2 Week Period of
05/27/02-06/09/02 06/10/02-06/23/02
Available space removed
from Inventory
Square feet 1,138,092 1,045,962
Blocks 160 141
Available space added
to Inventory
Square feet 1,708,954 1,334,480
Blocks 156 152
2 Week Period of 2 Week Period of
06/24/02-07/07/02 07/08/02-07/21/02
Available space removed
from Inventory
Square feet 631,819 1,305,165
Blocks 109 145
Available space added
to Inventory
Square feet 4,088,633 1,625,070
Blocks 136 133
* Blocks represent the sum of single or multiple space additions and/or
deletions for a given building in Manhattan for the stated periods of
time.
Note: Table made from bar graph
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