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Old Posted May 23, 2017, 12:19 AM
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chris08876 chris08876 is offline
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Location: New Jersey - Somerset County
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City’s HRA takes 200K sf at 375 Pearl Street



Quote:
The city’s Human Resources Administration signed a lease for nearly 200,000 square feet at the former Verizon building at 375 Pearl Street, continuing a run of big-ticket leases in Lower Manhattan so far this year.

The city agency signed a 20-year lease for 193,821 square feet in the building, sources told The Real Deal. The lease covers part of the 20th floor and floors 21 through 25.

The financials of the deal weren’t clear, but asking rents in the building are reportedly in the range of $45 to $51 per square foot.
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