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CB Commercial places executive suite firm.

CB Commercial Real Estate Group has negotiated the lease for Alliance Business Centers, a subsidiary of Philadelphia-based Arbor Enterprises, a national company specializing in executive office suites.

Alliance Business Centers will offer 80 fully furnished executive suites in The Helmsley Building, at 230 Park Avenue. The company will occupy 24,400 square feet on the 10th floor and offer a video teleconferencing center, marketing support services, telecommunications and a management and support staff. This is the fourth Alliance Business Center to open in the New York market.

The lease was negotiated by S. Harold Appel, senior vice president, and Roy L. Appel of the CB Commercial New York office. It has a term of 10 years and aggregate value of $7.5 million.

Arbor Enterprises operates esecutive business centers across the country. These centers operate under the "AllianceBusiness Centers name.
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Title Annotation:CB Commercial Real Estate Group leases commercial space in New York, New York
Publication:Real Estate Weekly
Date:Oct 14, 1992
Words:140
Previous Article:Williams Real Estate to lease 50 Broadway.
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