NEW YORK CITY-Talk about quick work—the partnership of Keystone Equities and Apollo Global Management has leased out most of the space at 202 Canal St. in less than a week after acquiring the Chinatown property.
ICBC USA, the US-bank subsidiary of Industrial and Commercial Bank of China, has leased the 17,000 square feet of retail space at the 44,000-square-foot property, according to Crain's New York Business. The Chinese banker has also taken 13,000 square feet of office space consisting of the entire third, seventh, and ninth floors, along with a portion of the fourth floor.
The lease term for the retail and office space is 15 and seven years respectively. The Keystone- Apollo partnership acquired the property recently for $41 million. See story in Crain's New York Business.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.