Ownership, Metropolitan Real Estate Investments; broker CBRichard Ellis; and tenant were all mum on the subject of dealspecifics. But sources familiar with the deal put the estimatedrent at roughly $100 a foot stretched out over "10-plus years."
Metropolitan made news in the depths of the summer when itpurchased the building as a part of a joint venture for roughly$648.5 million, as GlobeSt.com reportedat the time. Tishman Speyer was the seller. In the new lease deal,Brian Gell and Laurence Brody of CBRE did the heavy lifting forMetropolitan while Scott Gamber of the same shop spoke for the lawfirm.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
