Frank Coco of Cushman & Wakefield Inc. represented thetenant and Paul Glickman, Mitti Liebersohn, Diana Biasotti, TaraStacom, Alexander Chudnoff and Steven Bauer of Cushman &Wakefield Inc. represented the landlord in this transaction.
"We were able to provide Konica Minolta with expansion space ina high-profile building and simultaneously recapture their existinglease, which had several years of remaining term. This is anexample of the benefits provided tenants within our portfolio ofproperties," says Steven Durels, EVP and director of leasing andreal property for SL Green. "We're delighted we were so rapidlyable to facilitate new accommodations for Konica Minolta at 485Lexington Ave. where the company's name and reputation are strongcomplements to the property's prominent tenant roster."
Located on Lexington Avenue between 46th and 47th streets juststeps from Grand Central Terminal, 485 Lexington Ave. is a 32-storybuilding containing 926,122 sf. The recent redevelopment of theproperty by SL Green included replacement of 4,000 windows,enhanced electric and HVAC capacities, new lobby and newstorefronts together with an extensive re-branding program.Prominent tenants include Citigroup, St. Paul Travelers and OmnicomGroup.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
