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Lincoln Building.

More than 65,000 square feet at the Lincoln Building was leased to 55 tenants during the fall renewal period, according to Kevin J. Driscoll, the building's general manager.

"As an indication of the strength of the market, the former escalated rent, which had been at an average of $31 a square foot, increased to an approximate average of $50 a square foot during this lease period," said Driscoll. Among the building's more attractive features are its solid financial strength and its stability, having been under the same ownership for more than 40 years.

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.
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Title Annotation:prestigious New York office building leased to 55 tenants
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:Jan 3, 2001
Words:128
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