Lehman Takes 306,700 SF at 1301 Ave. of the Americas

NEW YORK CITY-In yet another large Midtown leasing transaction, Lehman Bros. inked a deal for 306,700 sf at Equity Office’s 1301 Ave. of the Americas. CB Richard Ellis, which represented Lehman, and Equity Office could not comment on the transaction.

The space became available after PricewaterhouseCoopers agreed to a long-term sublease of 800,000 sf at 300 Madison Ave. The firm is consolidating its national leadership and New York practices in the new building, which is expected to be named the “PricewaterhouseCoopers Center.”

According to Newmark’s Scott Klau, who represented PwC along with Newmark principal Neil Goldmacher and Lou Varsames of Tampa-based CLW Real Estate Services Group, the firm still had six years remaining on its lease at 1301 Ave. of the Americas. “It (the Lehman deal) was a complex transaction with three simultaneous deals,” he tells GlobeSt.com, adding that Newmark and CLW have filled approximately 700,000 sf of PwC space in Manhattan this year.