Frank Coco of Cushman & Wakefield Inc. represented the tenant and Paul Glickman, Mitti Liebersohn, Diana Biasotti, Tara Stacom, Alexander Chudnoff and Steven Bauer of Cushman & Wakefield Inc. represented the landlord in this transaction.
"We were able to provide Konica Minolta with expansion space in a high-profile building and simultaneously recapture their existing lease, which had several years of remaining term. This is an example of the benefits provided tenants within our portfolio of properties," says Steven Durels, EVP and director of leasing and real property for SL Green. "We're delighted we were so rapidly able to facilitate new accommodations for Konica Minolta at 485 Lexington Ave. where the company's name and reputation are strong complements to the property's prominent tenant roster."
Located on Lexington Avenue between 46th and 47th streets just steps from Grand Central Terminal, 485 Lexington Ave. is a 32-story building containing 926,122 sf. The recent redevelopment of the property by SL Green included replacement of 4,000 windows, enhanced electric and HVAC capacities, new lobby and new storefronts together with an extensive re-branding program. Prominent tenants include Citigroup, St. Paul Travelers and Omnicom Group.
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Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
