The Real Deal New York

Colliers signs NYPD traffic division to 67K sf lease in Midtown

September 04, 2013 09:12AM

469 Seventh Avenue (Credit: PropertyShark)

469 Seventh Avenue (Credit: PropertyShark)

Colliers International is leasing 66,800 square feet in a building it owns near Penn Station to the New York Police Department.

The NYPD’s Manhattan South Traffic Enforcement Division will move into the 267,000-square-foot 469 Seventh Avenue from its current office further west on 34th Street. The 15-year lease starts Jan. 1. Asking rents for the space were $49 a foot, according to the New York Post.

The space – which includes the second through fourth floors and part of the sixth floor — has its own lobby and elevators on the ground floor, according to the newspaper. The 15-year deal, which starts on New Year’s Day, had an asking rent of $49 a foot. The division is moving from further west on 34th Street.

The tenant was represented by CBRE’s Keith Cody, John Morrill and Douglas Holowink, while building owners Eric and Marty Meyer of Colliers along with Dan Shavolian of Foremost Real Estate represented the landlord. [NYP, 3rd item]  – Hiten Samtani

11 Responses to “Colliers signs NYPD traffic division to 67K sf lease in Midtown”

  1. November 06, 2013 at 10:09 pm, sandrx said:

    real nice

  2. November 06, 2013 at 10:10 pm, bobsan said:

    wonder what the city pays

  3. November 06, 2013 at 10:11 pm, shanzay said:

    wonder if the landlord gets free parking

  4. November 06, 2013 at 10:12 pm, bobsan said:

    i know the landlord , good people

  5. November 06, 2013 at 10:13 pm, sandrx said:

    what is the rent?

  6. November 06, 2013 at 10:14 pm, shance said:

    when was this deal done?

  7. November 06, 2013 at 10:15 pm, shance said:

    why does the police need this much office space?

  8. November 06, 2013 at 10:16 pm, sandrx said:

    is there office suites in this building?

  9. November 07, 2013 at 10:54 pm, eibe said:

    Interesting

  10. November 07, 2013 at 10:56 pm, eibe said:

    Very

  11. November 07, 2013 at 10:57 pm, manstar said:

    The police needs office space?

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