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Dear Friend,

Every week we compile a digest of some of the most interesting recent deals from the CompStak database. We hope you will find the information helpful.

Linkedin Expanded at 359 Fifth Avenue 
The Company leased the entire 23rd floor in addition to the current lease on the 25th floor. The 40,371 SF lease replaced the 10,396 SF lease that was signed in August. Linkedin paid over $40 PSF and received TI's in the $60's. Linkedin’s lease terms are very similar to another large expansion in the building, of the beauty product manufacturer Coty.

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LionTree Pays Nearly $100 PSF at 660 MadisonIn one of the priciest transactions that were added to our system in the past week, LionTree LLC, the advisory and investment firm that was recently launched by a former UBS executive, signed a 10,400 SF lease on part of the 15th floor of 660 Madison Avenue. LionTree will be paying close to $100 per square foot, but this is still a bargain compared with some of the rents paid in the building in prior years. (660 Madison was purchased in 2010 by Jospeh Safra for a record $1,100 PSF)

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Noteable Downtown Deal: SentrySentry signed a 38,750 SF lease downtown at One Financial Square. The company will be paying rent in the mid $40s PSF for its new conference center, which is the former Goldman Sachs training center. Sentry will receive TI's in the 40's PSF and ample time in free rent.

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Tiffany & Co. Expands Its offices at 200 FifthTiffany expanded at 200 Fifth Avenue to include an additional 57,691 SF on the 8th Floor. Tiffany's base rent is in the mid $80's and bumps up to the mid 90's after five years. The company also received a year in free rent and TI's in the 60s for the 15 year lease. 

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02/13/2013 - 16:45



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