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

Firm bought leasehold in 2016 for $180M

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

arrow_forward_ios
Aby Rosen and 522 Fifth Avenue (Getty, Google Maps)
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
RFR pitches Fifth Avenue office building as “build-to-suit” corporate HQ
Nearly half of new shops in 2021 will be dollar stores. (Getty)
2021 is raining dollar stores
2021 is raining dollar stores
National chains and mom-and-pop stores are seeing increasing sales per square foot and shrinking occupancy costs (Getty)
National chains paid 93% of rent in April
National chains paid 93% of rent in April
(RIPCO, iStock)
Target, Five Below, Smashburger open in new Brooklyn shopping center
Target, Five Below, Smashburger open in new Brooklyn shopping center
Close to 80 hotels with more than 13,000 rooms plan to open in 2021. (iStock)
Big year seen for hotel openings, despite few visitors
Big year seen for hotel openings, despite few visitors
Savanna’s Christopher Schlank and Nicholas Bienstock with a rendering of 141 Willoughby Street (Savanna; SLCE Architects; Fogarty Finger Architects)
Savanna nabs $264M loan for Downtown Brooklyn office project
Savanna nabs $264M loan for Downtown Brooklyn office project
Blackstone president Jon Gray and the Blackstone headquarters at 345 Park Avenue in NYC (Getty, Google Maps)
Blackstone sets office return for some vaccinated staffers
Blackstone sets office return for some vaccinated staffers
Slate Property Group's Martin Nussbaum and a rendering of the project
Hakimian, Certes land $59M loan for East Harlem multifamily project
Hakimian, Certes land $59M loan for East Harlem multifamily project
arrow_forward_ios

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

Loading...