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Riverbank closes leases at 2 Penn Plaza.

In two separate transactions at 2 Penn Plaza this quarter, Riverbank has leased over 50,000 square-feet in the property. Earlier this month, Riverbank announced over 40,000 square-feet leased on behalf of Cosentini Associates, the world's foremost engineering firm. In a second transaction, Riverbank has announced a lease for BellSouth Communication

Systems, Inc., a BellSouth Company. The company will occupy over 11,000 square-feet on the sixth floor of the building. Riverbank's Scott Rosentein, assistant vice president and Mitchell Konsker, senior vice president represented the tenant. The aggregate rental was valued at $850,000.

BellSouth Communication Systems, Inc. ia a telecommunication service company and a part of the BellSouth Company, based in Atlanta. The company specializes in sales and service of equipment.

Two Penn Plaza stands directly above Penn Station on Seventh Avenue, between 31st and 33rd Streets in New York. Kevin R. Wang, senior vice president, represented the landlord, Mendik Realty Company Inc.
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Title Annotation:Riverbank Realty Co. arranges commercial leases in New York, New York
Publication:Real Estate Weekly
Date:Dec 2, 1992
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