New York City REIT taps Avison Young to lead marketing at 1140 Sixth Avenue

Firm bought leasehold in 2016 for $180M

TRD New York /
Oct.October 03, 2018 09:02 AM

Avison Young’s Todd Korren and 1140 Sixth Avenue (Credit: Avison Young and Google Maps)

UPDATED at 11:32 A.M. on Wednesday, Oct. 3.: New York City REIT has chosen Avison Young to lead leasing for its boutique office building at 1140 Sixth Avenue.

The REIT, affiliated with AR Global, acquired the 250,000-square-foot building, part of the Equity Office portfolio, in 2016 from the Blackstone Group. The 20-story building, which also has a retail component, was 91 percent leased when it was acquired.

The new Avison Young marketing team, led by Todd Korren, will advertise rental space between $84 and $89 a square foot, according to the New York Post. The leasehold runs through 2066.

Korren said NYC REIT has no plans to sell the asset. [NYP] — David Jeans

Correction: An earlier version of this story incorrectly stated the leaseholder was New York REIT, not New York City REIT.

Related Articles

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

From left: Pavel Fuks, Michael Cohen, Felix Sater, and Donald Trump (Credit: Getty Images and Wikipedia)

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Rodrigo Niño (Credit: Prodigy Network and iStock)

Embattled Prodigy Network CEO Rodrigo Niño to step down