Blackstone expands to 90K sf at Boston Properties’ 601 Lex
Private equity giant grew out of headquarters at 345 Park Avenue
Private equity behemoth Blackstone Group is set to expand into Boston Properties’ 601 Lexington Avenue with a 90,000-square-foot lease.
The firm signed on for 30,000 square feet on the 17th floor in February, and recently picked up its options on the 15th and 16th floors, for another 59,600 square feet, according to the New York Post.
Starting rent for the February deal was $78.50 per square foot.
Newmark Grubb Knight Frank’s Neil Goldmacher represents Blackstone, and Boston Properties is represented by JLL’s David Kleiner, Cynthia Wasserberger and Frank Doyle.
In June, Blackstone purchased a Flushing retail complex for $400 million. In the spring, it acquired most of General Electric’s $30 billion real estate portfolio along with Wells Fargo. [NYP] — Tess Hofmann