NEW YORK CITY-Oracle has signed a 10-year lease for 60,000 square feet of space at 120 Park Ave. The technology giant will occupy the entire 25th- and 26th-floor space as well as half of the 24th-floor space in the 600,000-square-foot tower.
Asking rent was $85 per square foot. Global Holdings Inc. bought the 26-story tower in 2007 for $525 million. Cresa Partners' Marcus Rayner represented the tenant, and Jones Lang LaSalle's Paul Glickman and Diana Biasotti represented the landlord in the lease transaction. For the full story, go to Crain's New York Business .
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