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Israel bond agent leases 35,000 sf at 575 Lexington.

The Development Corporation for Israel (D.C.I.), agent for the State of Israel Bonds, has signed a long-term lease for over 35,000 square feet on the entire sixth floor at the recently renovated 575 Lexington Avenue.

The approximately $10 million transaction was negotiated by Gil Robinov, executive vice president, and A. Mitti Liebersohn, executive director of Galbreath Riverbank on behalf of D.C.I. It was announced by Peter Ricker, president and Bruce Mosler, vice chairman of Galbreath Riverbank.

Because of the present state of the real estate market, DCI was able to relocate to the more convenient midtown location. Many of its international and out-of-town guests stay at nearby Midtown hotels which also host the group's many functions throughout the year.

D.C.I. will be relocating to its new more modern and functional offices from 730 Broadway. Ambassador Meir Rosenne, president and chief executive officer, announced that he is planning to have formal opening ceremonies in March with important representatives of the Government of Israel in attendance.
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Title Annotation:Development Corporation for Israel leases commercial space in New York, New York
Publication:Real Estate Weekly
Date:Feb 17, 1993
Words:171
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