RAL companies has signed a 10-year lease at 434 Broadway, for 7,000-square-feet of space, according to Crain’s. Although the closing price for the full-floor lease was not immediately available, the asking price had been $40 per square foot. The landlord, KBS Realty Advisors, was represented by Cushman & Wakefield, and the tenant was represented by CB Richard Ellis. RAL is expected to move out of its current location at 86 Chambers Street in the coming months.
RAL signs office lease
434 Broadway and Ian Levine, COO of RAL (building source: PropertyShark)