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Lincoln Building leases 40,000 s/f.


Strong leasing in the third quarter of 2005 at 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.  totaled 39,046 square feet, reports Stephen Stephen, 1097?–1154, king of England (1135–54). The son of Stephen, count of Blois and Chartres, and Adela, daughter of William I of England, he was brought up by his uncle, Henry I of England, who presented him with estates in England and France and  P. Snell Snell , George 1903-1996.

American geneticist. He shared a 1980 Nobel Prize for discoveries concerning cell structure that enhanced understanding of the immunological system, resulting in higher success rates in organ transplantation.
, general manager of The Lincoln Building.

Of the 39,046 s/f leased, 11,494 s/ f comprised pre-builts.

"The popularity of -our high end pre-built suites, which are immediately available in move-in condition, is growing with increased recognition in the marketplace of the advantages they offer. Not only are they extremely attractive and efficient, but they also help tenants avoid the hassles of the entire construction process," explains John Sinon, associate director of Newmark, the building's leasing and managing agent.

"Tenants and brokers continue to be attracted to The Lincoln Building by its proximity to the extraordinary concentration of public transportation at Grand Central and the many other amenities of the neighborhood," Mr. Sinon adds, "as well as by the ownership's commitment to service and overall quality, as reflected in its recent and continuing enhancement program." Located at 60 East 42nd Street, directly across from Grand Central Terminal, the 55-story Lincoln Building is one of the most prestigious addresses in the Grand Central District.

The Lincoln Building has so far completed $43 million of enhancements, including new windows; new washrooms; a new HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free  system; newer, faster elevator elevator, in machinery
elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships,
 operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. ; and refurbished public corridors. An additional $12 million has been allotted al·lot  
tr.v. al·lot·ted, al·lot·ting, al·lots
1. To parcel out; distribute or apportion: allotting land to homesteaders; allot blame.

2.
 for further enhancements.

Part of the W&H Properties portfolio, The Lincoln Building is owned by Lincoln Building Associates, a partnership led by Peter L. Malkin. "The building has been under the same solid ownership for over half a century, which gives it the financial stability that is one of its most attractive features," says Mr. Sinon.

Available space at The Lincoln Building ranges from partial floors of 1,200 rentable square feet to full floors of 12,386 rentable square feet.
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Title Annotation:Commercial Sales & Leasing
Publication:Real Estate Weekly
Date:Nov 9, 2005
Words:304
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