A representative for SL Green tells GlobeSt.com that asking rent for the building is $52 per sf; however, they were not able to comment on the aggregate lease value. Steven Durels, EVP and director of leasing and Real Property for SL Green says, "Our relationship with CBS at 555 W. 57th St. continues to be strengthened and we are delighted when we are able to accommodate this valued tenant as it expands its broadcast operations."
Located at the corner of 11th Avenue and 57th Street, the 20-story property, containing 975,983 sf, was built in 1973 and features river views from all floors and a parking garage at its base. In addition to CBS Broadcasting Inc. the building is home to the offices of BMW, St. Luke's Roosevelt, and the City University of New York.
CB Richard Ellis represented the tenant in this transaction. Other office tenants include BMW of Manhattan Inc., City University of New York, St. Luke's Roosevelt and Writers Guild of America East Inc.
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.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
