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Weekly Comps Digest from CompStak

01/30/2013
Dear Friends,

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. 

NYSSCPA: A Calculated Move Downtown

The professional organization of accountants joins the trend of Downtown relocation. New York State Society of CPAs will take an entire floor at 14 Wall Street and will pay rent in the mid $30s, similar to what it paid at 3 Park Ave over the past ten years. Our guess is that rents in the thirties are no longer easily attainable at 3 Park Avenue, as recent tenants in the building have agreed to pay rents in the mid forties.
Get the full comp information on CompStak

Trialantic Gets a Deal at The Seagram BuildingTrilantic Capital took the entire 30th floor of the Seagram Building at 375 Park Avenue (17,519 SF). The financial firm will pay just over $100 a foot - quite a bargain compared with recent rents in the building. (Clayton, Dubilier & Rice, Investindustrial, and Princeton Holdings each paid over $140 per SF.)
Get the full comp information on CompStak
A Flurry of Bank Deals in Midtown

Bank of America has announced it would reduce its footprint in midtown by 230,000 SF, but several other banks are renewing leases or flowing into midtown, all paying rents in the $60s and $70's PSF. Among these are RBS at 340 Madison, Bank Leumi at 579 5th Ave, and MayBank at 400 Park.
Get the RBS comp
Get the Bank Leumi comp
Get the MayBank comp

01/29/2013 - 17:31

Source

CompStak

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