Printer Friendly

Kevin Driscoll.

More than 77,000 SF representing new and renewal, tenants was leased at The Lincoln Building over the past four months, according to Kevin Driscoll, the building's general manager.

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.
COPYRIGHT 2001 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Date:Jul 25, 2001
Previous Article:Health Plus.
Next Article:Kroll Commercial Realty.

Related Articles
Lincoln Building adopts new software to aid repositioning.
The Lincoln Building.
Malkin and Driscoll pushing space in the Lincoln Building.
Lincoln Building modernization next to focus on conference center.
Kevin Driscoll.
Lincoln building signs 220,000 SF in leases.
Lincoln Building has 36,000 SF space available.
Lincoln Building space for lease.
Colliers inks $4.5m lease.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters