The Real Deal New York

Beacon Capital signs health care ad firm at 32 Old Slip

RXR Realty in contract to buy 1.2M sf Downtown office building for $675M
December 22, 2014 04:45PM

Less than a month after RXR Realty entered contract to buy a Downtown office building for $675 million, a health care advertising firm inked a lease there for 55,000 square feet.

The Cement Bloc will occupy the full 15th floor and part of the 16th floor at the 1.2 million-square-foot tower at 32 Old Slip. The tenant plans to consolidate its offices in Chelsea and the Flatiron District into the new Downtown space.

Asking rent is in the low $40s per square foot, Crain’s reported, citing unnamed sources.

Beacon Capital Partners owns the property. A CBRE Group team represented the landlord, while a Cushman & Wakefield team led by Haley Fisher and Mitchell Arkin represented the Cement Bloc. [Crain’s]Mark Maurer