Rudin’s 641 Lex inks 25K sf deal with Israeli brokerage

Bill Rudin And 641 Lexington Avenue
Bill Rudin And 641 Lexington Avenue

Rudin Management’s 641 Lexington is leasing 25,000 square feet to an Israeli securities brokerage in a 15-year deal, the New York Post reported.

The Development Corporation for Israel, which handles securities issued by the government of Israel in the United States, is set to move in 2014 to the 32-story, 400,000-square-foot building, on the northeast corner of Lexington Avenue and East 54th Street.

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The space had an asking rent of $55 per square foot. Colliers International’s James Emden represented the tenant; Rudin was represented in-house by Robert Steinman.

The Israeli brokerage has offices now  at 575 Lexington Avenue, a 35-story tower that Normandy Real Estate Partners and New York Life Insurance bought in 2012 from Silverstein Properties for $360 million. [NYP, 4th item]  – Hiten Samtani