The Cooperation Council for the Arab States of the Gulf, also known as GCC, is subleasing a full floor at a Midtown East office building from the government of Saudi Arabia.
GCC signed a three-year sublease for a full-floor, 16,000-square-foot space at 300 East 42nd Street, an 18-story, 221,000-square-foot office building near the United Nations. ULM Holding Corp. is the property’s landlord.
The political and economic organization is comprised of Arab countries from the Persian Gulf and has non-member observer status at the UN. Saudi Arabia, one of the body’s member states, signed a five-year lease for the space at 300 East 42nd Street in 2013, but never moved in.
GCC has already moved into the space from its previous offices at One Dag Hammarskjold Plaza at 885 Second Avenue in Midtown East. [NYO] – Rey Mashayekhi