Questions have arisen about the form of payment and the fact that,through taxes, it's the US citizenry that will be footing the bill. According to one executive close to the deal, the lease set-upis pretty much standard for ex-presidents in that the new office,wherever it ultimately lands, will be a Government ServicesAdministration lease. Comparable space in the market runs from $50 to$70 per sf.
If Citizen Clinton does sign up at the 60-floor Carnegie Hall Tower, he'll joinsuch current tenants as CNBC, USA Networks, American Express and theNY Jets, according to a listings website. The building's managingagency is shared by Insignia/ESG and Rockrose Development Corp. Theowner of the 10-year-old asset is H. Henry Elghanayan. Brown HarrisStevens is the rumored tenant representative.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
