X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Verizon renewed a 37,092-sf lease at the Moinian Group’s 90 John St. Daniel Gohari, VP and director of commercial assets at the Moinian Group, tells GlobeSt.com that the taking value of the lease was $36 per sf and the leease renewal is for three years.

Newmark Knight Frank’s Jennifer Schwartzman and David Noonan represented Verizon, however they are not looking to comment on behalf of their client at this time according to a company spokesperson. Adam Leshowitz, also of Newmark Knight Frank, represented the Moinian Group.

Kimia Shadrokh, associate director at Moinian Group, tells GlobeSt.com that Verizon came to the property in June 1994. Acquired by the Moinian Group in 1995, 90 John St. offers 24/7 access, onsite management, an in-house parking garage and access to all public transportation. Shadrokh says that 90 John St. is approximately 95% leased at this point.

“The upgrades to the building and the prebuilt program have made this building desirable for smaller tenants,” Shadrokh says. “We have a diversified tenant roster.” Other tenants in the 29-story property include Food Bank of New York, Merritt & Harris and Gold’s Gym.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.