NEW YORK CITY—Bloomberg L.P. has reportedly decided to extend its lease option at 731 Lexington Ave. for 188,608 square feet of office space.
The lease deal with REIT Alexander's Inc. is for a term of five years. Bloomberg's lease was to expire in 2015, according to jayrickey.com.
Paramus, NJ-based Alexander's has properties that are leased and developed by Vornado Realty Trust, which is also based in Paramus.
731 Lexington Ave. consists of an 11-story building on Third Avenue connected by a winter garden to a 55-story tower along Lexington Avenue. The 55 story building totals 1.3 million square feet, with 900,000 square feet of office space and 160,000 square feet of retail. In addition, 105 luxury condominiums occupy the Lexington Avenue tower from floors 31 to 55. See story at jayrickey.com.
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