Amazon is nearing a retail lease at the Chrysler Building

Company is nearing a 10K-sf of space at the famed property

New York /
Jan.January 14, 2019 08:05 AM

Jeff Bezos and The Chrysler Building at 405 Lexington Avenue (Credit: iStock and Getty Images)

Amazon could be a new tenant in the Chrysler Building, already increasing its upcoming presence in New York.

The tech giant, which is bringing half of its second headquarters to Long Island City, is close to signing a lease for about 10,000 square feet in the famed property, according to the New York Post. The building’s owners, Tishman Speyer and Abu Dhabi Investment Council, are putting the landmark tower at Lexington Avenue and East 42nd Street up for sale.

A purchase of the building could also include the adjacent Trylons retail and office building. The structure spans 28,500 square feet and about 70,000 square feet of unused air rights.

ADIC bought a 90 percent stake in the Chrysler tower in 2008 for $800 million, and some have guessed it could make less than this on a sale. The building is subject to a ground lease, which will see a rent reset in 2028. [NYP]  – Eddie Small


Related Articles

arrow_forward_ios
 JLL CEO of capital markets Richard Bloxam and Roofstock CEO Gary Beasley (JLL, Roofstock, iStock)
JLL gets in rental home business
JLL gets in rental home business
Mack-Cali Realty CEO Mahbod Nia and MaryAnne Gilmartin (Photos via Mack-Cali Realty)
Mack-Cali Realty names Mahbod Nia as CEO
Mack-Cali Realty names Mahbod Nia as CEO
The comedy club argues that if SNL can operate, then they should be allowed to operate too. (Getty)
Manhattan comedy club sues Cuomo over pandemic closures
Manhattan comedy club sues Cuomo over pandemic closures
(iStock)
These were Manhattan’s best office submarkets in Q4
These were Manhattan’s best office submarkets in Q4
(iStock/Illustration by Alexis Manrodt for The Real Deal)
Order up: Real estate investors line up to buy drive-throughs
Order up: Real estate investors line up to buy drive-throughs
Mayor Bill de Blasio (Getty, iStock)
NYC to revive $17B in public construction projects
NYC to revive $17B in public construction projects
Houston House at 298 East 2nd Street and Matt Lee (Houston House, LinkedIn)
Developer Matt Lee to auction off East Village condo
Developer Matt Lee to auction off East Village condo
(Getty)
Hotel stocks went bonkers in February
Hotel stocks went bonkers in February
arrow_forward_ios

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

Loading...