You will be redirected in 15 seconds, or continue now.

''

Close Stay up-to-date with
Observer.com Newsletters
Sign up for Observer Newsletters!
RSS Feed
The New York Observer

French Bank Nears Major Lease of JPMorgan Space at 277 Park

View Story On One Page View Story On One Page Print This Story Print This Story Share This Story Share This Story
September 9, 2008 | 10:52 a.m.
<br /> (PropertyShark.com.)
PropertyShark.com.

French investment bank Natixis is nearing a roughly 270,000-square-foot lease at 277 Park Avenue. It will sublease the space from JPMorgan Chase, which is shedding it for a move to the old Bear Stearns headquarters at 383 Madison.

Natixis will be subleasing at just the right time, according to Real Estate Weekly: "The firm will pay rents in the $80s per square foot. Brokers say that Natixis likely would have had to pay rates over $100 per square foot had it signed a lease for space of the same size and quality before the current economic tumult began to tug on the Manhattan leasing market late last year."

Post a Comment The Discussion