Building owner Yuco Real Estate was represented in the transaction by Robert A. B. Baraf, Benjamin Friedland and Glenn Isaacson of Insignia/ISG Inc. and Gary S. Friedman of Kaufman Friedman Plotnicki & Grun LLP. Barry Gosin and John Lizzul of Newmark & Co. Real Estate Inc. and Lloyd Shor of Blank Rome Tenzer Greenblatt LLP acted on behalf of Take-Two.
"There were two highly qualified tenants that wanted the space, both represented by top quality brokers, and it was a difficult decision," says Baraf, executive managing director. "Ultimately, our team crafted a 10-year, mid-$30s-per-sf deal--highly unusual in this market but a price tag worthy of the space the tenant will be occupying. Yuco Real Estate's top-notch building upgrades have fashioned 622 Broadway into a premier Midtown South office address."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
