Boston Properties is in talks to lease nearly 275,000 square feet of Its New Office Tower On Eighth Avenue to two high-profile companies: Al Jazeera, the Middle Eastern news giant, and Soros Fund Management, the investment firm of billionaire George Soros. Al Jazeera wants up to 200,000 square feet at 250 West 55th Street; Soros is looking for 75,000 square feet at the top of the 38-story building.
Boston Properties disclosed last week during a third-quarter earnings call that it was in negotiations to lease up to 250,000 square feet of the tower’s 1 million square feet but declined to name tenants; the real estate investment trust already has tenants for about 500,000 square feet, Crain’s reported.
Al Jazeera has been searching for a U.S. headquarters since earlier this year, and has considered several spaces such as the former New York Times building at 229 West 43rd Street. [Crain’s] – Hiten Samtani