Cushman launches $250M SPAC
Accounting giant Deloitte has signed an 18-year lease for 12 floors with a total of or around 430,000 square feet at 30 Rockefeller Center, according to the Observer. The deal — the largest of 2011 so far and only slightly smaller than the largest office lease of 2010 — brings a likely end to more than a year of intense speculation about the firm’s real estate search, which was headed by Cushman & Wakefield’s John Cefaly and Dale Schlather and included high-profile buildings like 11 Times Square, 4 World Trade Center and 4 World Financial Center. Over the summer, the Post reported that Deloitte, which is consolidating its current space in the World Financial Center, 25 Broadway and 1633 Broadway, had signed a deal with Brookfield Properties to renew its lease at 4 World Financial Center, but the Observer suspects that agreement may now be off. New Jersey had also been trying to lure the company, having approved $42 million in tax credits if it were to relocate 1,400 employees to the state; New York City followed suit with $10.6 million in incentives if Deloitte stayed and added 2,100 jobs. [NYO]
