Boston Properties wants to reel in Al Jazeera, Soros Fund
Two deals would take 275K in tower at 250 West 55th Street
Boston Properties is in talks to lease nearly 275,000 square feet of Its New Office Tower On Eighth Avenue to two high-profile companies: Al Jazeera, the Middle Eastern news giant, and Soros Fund Management, the investment firm of billionaire George Soros. Al Jazeera wants up to 200,000 square feet at 250 West 55th Street; Soros is looking for 75,000 square feet at the top of the 38-story building.
Boston Properties disclosed last week during a third-quarter earnings call that it was in negotiations to lease up to 250,000 square feet of the tower’s 1 million square feet but declined to name tenants; the real estate investment trust already has tenants for about 500,000 square feet, Crain’s reported.
Al Jazeera has been searching for a U.S. headquarters since earlier this year, and has considered several spaces such as the former New York Times building at 229 West 43rd Street. [Crain’s] – Hiten Samtani