Twelve new tenants leased a total of 16,246 SF of space there during the period April through July. The aggregate rent totals more than $4.5 million for these new leases.
In addition, the renewal period this past spring was particularly active, with 33 tenants renewing more than 61,000 SF, at an aggregate rent of more than $20.5 million. The building's second largest tenant -- the law firm of Hopgood, Calimafde, Judlowe and Mondolino -- renewed almost 25,000 SF.
The building is currently in the midst of a $30 million capital improvement program, which includes new windows, refurbished corridors, elevator cabs and washrooms. A new HVAC system will provide air conditioning throughout the building, including public corridors.
Located at 60 East 42nd Street, the/ 55-story Lincoln Building is one of the most prestigious addresses in the Grand Central district, with direct underground access to Grand Central Terminal and several subway lines. Among the building's more attractive features are its solid financial strength and its stability, having been under the same ownership for almost half a century.
The managing agent for 'The Lincoln Building is Helmsley-Spear, Inc.
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|Publication:||Real Estate Weekly|
|Date:||Jul 25, 2001|
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