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GlobeSt.com EXCLUSIVE: Durst Marketing 275,000 SF of Midtown Space

NEW YORK CITY-The Durst Organization is pre-leasing 275,000 sf of Midtown office space currently being renovated as part of a $15-million upgrade at the 900,000-sf Sports Illustrated building.

By Jim Roberts | Updated on October 16, 2001

NEW YORK CITY-A 275,000-sf block of newly available Midtown office space is offering one more option for companies rethinking their future needs in the wake of the World Trade Center attacks.

The space in the 900,000-sf Sports Illustrated building at 135 W. 50th St. near Rockefeller Center won’t be ready for occupancy until mid-second quarter of 2002 when a $12-million to $15-million renovation of the building is completed. Even so, many companies are expressing serious interest.

“If this space was available today, it would already have been rented,” says Tom Bow, vice president of leasing at the Durst Organization, which controls the building under a long-term management agreement with the right to purchase. “This is definitely a unique opportunity and we’ve had a lot of activity. We hope to have a substantial amount of the space rented out by the end of the year, although no deals have been signed yet.”

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