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Conference Bd leases at 845 Third Avenue.

Conference Bd leases at 845 Third Avenue

The Conference Board, one of the world's leading business networks, has signed a 15-year lease renewal for 50,000 square feet of space at 845 Third Avenue, between 51st and 52nd Streets. Jack and Lewis Rudin owners of the building, made the announcement.

"We wanted to remain in New York City, and examined 4s buildings. We considered factors such as price, accessibility, and the quality of management," said Sal Vitale, senior vice president/operations for The Conference Board. "The location at 845 Third is superior; the building services, mechanical systems and security are excellent; and we believe that Rudin is one of the best owners in the city."

The Conference Board, founded in 1916, is an international non-profit business network that holds meetings around the world, providing forums for executives to exchange information and ideas. Its broad research program identifies key areas of changing management practice and tracks economic changes. Its membership includes 2,500 corporations, trade and professional organizations, government agencies, labor unions, colleges and universities, libraries, and individuals in more than 50 nations.

Commenting on the transaction, Lewis Rudin said, "We are extremely pleased to continue a long-term relationship with The Conference Board, which enjoys international distinction and prestige. This commitment underscores New York City's prominence as the nation's central hub for major business organizations."

The 300,000-square foot, 21-story office tower has recently undergone a major lobby renovation.

Mary Ann Tighe, Carol Nelson and Jennifer Mitchell of Edward S. Gordon Co., Inc. served as consultants in the transaction.
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Title Annotation:Review & Forecast Section I; Conference Board
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Jan 29, 1992
Words:258
Previous Article:1991 year of the property auction.
Next Article:Property management profitable in 90's.


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