The Real Deal New York

Nonprofit takes penthouse office at Eastgate’s 875 Third

JPB Foundation signs 15-year, 30,000 sf deal at tower
February 20, 2015 02:44PM

The JPB Foundation, a grant-making nonprofit, inked a 15-year lease for the 30,000-square-feet penthouse office space at Eastgate Realty’s 29-story Midtown building at 875 Third Avenue.

Asking rent at the 720,000-square-foot building, between East 52nd and 53rd streets, was $86 per square foot. JLL’s Paul Glickman and Diana Biasotti represented Eastgate Realty, while Cushman & Wakefield’s David Rosenbloom and Emily Weber represented the tenant.

Law firm Troutman Sanders signed a lease for 87,000 square feet at the building last year, as The Real Deal reported. [Crain’s]Mark Maurer