The Real Deal New York

The 10 most valuable office deals of 2014 are worth nearly $8B

A closer look at Manhattan's mega leases

March 18, 2015 11:00AM
By Adam Pincus

Manhattan West

A rendering of Manhattan West

From the March issue: The most valuable office lease inked in Manhattan last year will bring nearly $1.7 billion in cash to the owners of 11 Madison Avenue over 20 years. The eye-popping 1.1 million-square-foot renewal by the global bank Credit Suisse starts at roughly $84 million a year for the building’s owners, the Sapir Organization and the CIM Group. The deal blows away all other Manhattan leases signed last year in both size and price. [more]

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