Lehman leases at 1271 Sixth Avenue

Lehman Brothers Holding, the bankrupt company now controlled by
restructuring firm Alvarez & Marshal, has signed a
150,000-square-foot sublease at 1271 Sixth Avenue from Time Inc., which
controls most of the building. At the same time, Lehman also ended the
500,000-square-foot sublease it has held at the building since 2007.
The new sublease has different time frames for different floors, a
source told the New York Post. Lehman has floors 35, 38 and 40, and
parts of floors 39 and 46. The terms of the lease were not disclosed.