Soros’ fund leases chunk of Boston Properties’ 250 West 55th

New York /
Dec.December 05, 2013 08:34 AM

Billionaire George Soros’ investment firm has taken just under 100,000 square feet at Boston Properties’ 250 West 55th Street. Soros Fund Management will take the spec office tower’s penthouse, on the 38th floor, and also floors 26 through 28 in the 15-year deal.

The firm will pay rents north of $100 per square foot at the million-square-foot building, Crain’s reported. Hanley Advisors’ principals Jim Coleman and Steve Kaufman represented Soros Fund in the deal, while Boston Properties was represented in-house by Andrew Levin in conjunction with a CBRE team.

Meanwhile, Middle Eastern news giant Al Jazeera is close to nabbing a 50,000-square-foot space on the entire second floor of the building, according to Crain’s. Al Jazeera – which has been searching for a U.S. headquarters since earlier this year, and has considered spaces such as the former New York Times building at 229 West 43rd Street – would use the space as its main New York newsroom and television production facility. It had initially been in talks to take up to 200,000 square feet at the building, according to previous reports. [Crain’s]  – Hiten Samtani


Related Articles

arrow_forward_ios
601 Lexington Avenue and Citadel’s Ken Griffin (Wikipedia, Citadel)
Billion-dollar refi reveals what tenants pay at 601 Lex
Billion-dollar refi reveals what tenants pay at 601 Lex
Largest Real Estate Loans Topped $2.5B in December, including: 601 Lexington Avenue, 441 Ninth Avenue & 360 Park Avenue South (BXP, Hudson Commons, 360 Park Avenue South, iStock)
Ten biggest Manhattan real estate loans in December top $2.5B
Ten biggest Manhattan real estate loans in December top $2.5B
Boston Properties CEO Owen Thomas (Thomas by Axel Dupeux, iStock)
Boston Properties: Crime, Covid hindering urban office recovery
Boston Properties: Crime, Covid hindering urban office recovery
Boston Properties CEO Owen Thomas and 360 Park Avenue South (RER, CBRE)
Boston Properties closes on Midtown South office building
Boston Properties closes on Midtown South office building
Boston Properties nabs $1B loan at 601 Lex
Boston Properties nabs $1B loan at 601 Lex
Boston Properties nabs $1B loan at 601 Lex
Boston Properties’ Owen Thomas, Vornado Realty Trust’s Steve Roth, Paramount Group’s Albert Behler, SL Green’s Marc Holliday and Empire Real Estate Trust’s Tony Malkin  (iStock, slgreen.com, vno.com, paramount-group.com, esrtreit.com, LinkedIn)
Office landlords profess optimism despite dip in occupancy
Office landlords profess optimism despite dip in occupancy
Food52 CEO Amanda Hesser, Rudin Management president Eric Rudin and 1 Dock 72 Way in Brooklyn (Getty, Rudin)
Rudin’s Dock 72 notches Food52 as second tenant
Rudin’s Dock 72 notches Food52 as second tenant
Vice Media CEO Nancy Dubuc, Rudin Management's Bill Rudin and Dock 72 (Getty)
Vice plans move to Rudin’s Dock 72
Vice plans move to Rudin’s Dock 72
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...