Ownership, Metropolitan Real Estate Investments; broker CB Richard Ellis; and tenant were all mum on the subject of deal specifics. But sources familiar with the deal put the estimated rent at roughly $100 a foot stretched out over "10-plus years."
Metropolitan made news in the depths of the summer when it purchased the building as a part of a joint venture for roughly $648.5 million, as GlobeSt.com reported at the time. Tishman Speyer was the seller. In the new lease deal, Brian Gell and Laurence Brody of CBRE did the heavy lifting for Metropolitan while Scott Gamber of the same shop spoke for the law firm.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
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.
