Visiting Nurse Service makes early call for 300,000 s/f renewal at 1250 B'way.The Visiting Nurse vis·it·ing nurse
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 has decided to stay at its current home at 1250 Broadway, signing a lease renewal two years before it was due to expire.
The landlord, SL Green Realty Corp., announced that the company signed a 300,000 s/f renewal and expansion lease at the property that will allow it to stay put for another 14 years.
Coming at such an early date, the renewal is seen by many as an at tempt tempt
v. tempt·ed, tempt·ing, tempts
1. To try to get (someone) to do wrong, especially by a promise of reward.
2. on the part of the Visiting Nurse Service to stave off higher rents for a few more years. Currently, rents at 1250 Broadway are reported to be in the mid-S30 per s/f range, but are expected to go up as the midtown mid·town
A central portion of a city, between uptown and downtown.
US & Canad the centre of a town market continues to tighten. SL Green has also recently completed renovations at the property, including a new lobby, elevator cabs, windows and 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. "We're pleased that the Visiting Nurse Service, as one of the nation's premier health care organizations, has chosen to renew and expand with us," said Steven Durels, executive vice president and director of leasing with SL Green, in an official statement. "Because their businesses impact so many people's lives, health care providers require a centrally located property, close to major transportation hubs Transportation hub is a location where traffic is exchanged across several modes of transport. These modes may include any of railway, tramway, rapid transit, bus, automobile, truck, airplane, spacecraft, ship, ferry, pedestrian or any other kind of transportation. , and a landlord who can respond immediately to their needs, providing services 24 hours a day, seven days a week."
Tara Stacom, of Cushman & Wakefield, represented the tenant in this transaction. Steven Durels represented SL Green. Completed in 1968, 1250 Broadway contains 703,000 s/f of office space.