Aby Rosen is off the hook at the
Starrett-Lehigh building

RXR Realty will take back 226K sf that was leased to Tommy Hilfiger

TRD New York /
Jan.January 17, 2018 10:30 AM

Aby Rosen, Scott Rechler and Starrett-Lehigh

RXR Realty is taking back 226,000 square feet of Tommy Hilfiger’s space in the Starrett-Lehigh building, leaving rival developer RFR Realty off the hook for the lease payments.

The fashion company moved to RFR’s 285 Madison Avenue last year. As part of the deal, Aby Rosen’s RFR agreed to take over its old 300,000-square-foot lease at the Starrett-Lehigh, the Commercial Observer reported. Startups Thinx and Justworks signed subleases for some of the space at 601 West 26th Street.

Now that Scott Rechler’s firm is taking back the space, RFR is off the hook, CO reported. JLL has the assignment to find a new tenant.

RXR bought the 2.3-million-square-foot building for $920 million in 2011. [CO]Konrad Putzier


Related Articles

arrow_forward_ios
IBM CEO Arvind Krishnam and 88 University Place (Google  Maps, IBM)

IBM to leave WeWork’s 88 University Place

IBM to leave WeWork’s 88 University Place
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Facebook CEO Mark Zuckerberg (Getty)

“Large pools of talent”: Mark Zuckerberg touts remote-work plan

“Large pools of talent”: Mark Zuckerberg touts remote-work plan
The Durst Organization president Jonathan Durst and 655 Third Avenue (Google Maps)

Mitsubishi International renews big lease at Durst’s 655 Third Avenue

Mitsubishi International renews big lease at Durst’s 655 Third Avenue
Photo illustration of Sen. Brian Kavanagh (Credit: Kavanagh by Albin Lohr-Jones/Pacific Press/LightRocket, Getty Images, iStock)

Lawmakers skip #CancelRent in favor of more modest bills

Lawmakers skip #CancelRent in favor of more modest bills
From left: SL Green CEO Marc Holliday, Land & Buildings Investment Management founder Jonathan Litt and Vornado chairman Steven Roth (Unsplash; Land & Buildings Investment Management; Getty)

Activist investor Jonathan Litt is shorting big NYC office landlords

Activist investor Jonathan Litt is shorting big NYC office landlords
The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)

“A recipe for disaster”: Fighting property taxes in a pandemic

“A recipe for disaster”: Fighting property taxes in a pandemic
An illustration of Vornado's Steven Roth and Facebook's Mark Zuckerberg

Revenge of the hoodies: Big Tech may be breaking up with Big Office for good

Revenge of the hoodies: Big Tech may be breaking up with Big Office for good
arrow_forward_ios

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

Loading...