NEW YORK CITY-Lehman Brothers has appealed to a bankruptcy court for its approval to pay $2.5 million and end its leasing agreement with Related Co. for 85 10th Ave. The firm has a lease deal for 59,300 square feet of data center space, which runs till 2013, and it pays $300,000 per month for the space it no longer utilizes.
The proposal for early termination has been agreed by Related under the condition that the tenant finds a replacement for the space. For the full story, go to New York Post.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
