Publisher renews early.SL Green Realty Corp. announced that Metal Bulletin Holdings Corporation, a specialist international publisher and information provider for business-to-business markets, has renewed its lease covering 14,131 s/f at 1250 Broadway in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Metal Bulletin Holdings' extended lease will expire in 2018. Located conveniently near Penn Station on Broadway at 31st street, 1250 Broadway is a 39-story, Class A building, containing 702,763 rsf. SL Green recently completed a building wide renovation, which included a new lobby, elevator cabs, mechanical systems, window restoration and new outdoor plaza. In addition to Metal Bulletin Holdings Corporation other noteworthy tenants include the Visiting Nurse vis·it·ing nurse n. A registered nurse employed by a public health agency or hospital to promote community health and especially to visit and administer treatment to sick people in their homes. Service 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 and Reserve Management Corporation. Commenting on the transaction, Steven Durels, executive vice president and director of leasing for SL Green, said, "Metal Bulletin Holdings, a long-term and valued tenant, recognized the value of an early renewal as a means of hedging against expected future market rent increases. "In line with our goal of unlocking imbedded imbedded, adj See embedded. rental value rental value n. the amount which would be paid for rental of similar property in the same condition in the same area. Evidence of rental value becomes important in lawsuits in which loss of use of real property or equipment is an issue, and the rental value is the , we were happy to accommodate them." Michael Burgio of Cushman and Wakefield represented the tenant in this transaction. |
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