Financiers sublease swallows 75,000 s/f at 1221 Sixth Ave.Societe Generale, one of the largest financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. groups in the world with a significant presence in the U.S., has just concluded a major sublease sublease n. the lease of all or a portion of premises by a tenant who has leased the premises from the owner. A sublease may be prohibited by the original lease, or require written permission from the owner. transaction on the 5th floor of 1221 Avenue of the Americas, its U.S. headquarters building. Societe Generale continues to occupy multiple floors in the building. The bank subleased the entire 5th floor comprising 75,440 rentable square feet to Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. DW, Inc. another major tenant of 1221 Avenue of the Americas. The space, which was never put on the open market for sublease, was leased for the remainder of SG's term which runs through 2013. No financial terms of the transaction have been revealed, but asking rents in the building have been in the $60s per square foot range. Paul Revson, a Principal of The Staubach Company of 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 , represented Societe Generale. Morgan Stanley represented itself. |
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