Newmark Knight Frank's David Simson, vice chairman of the firm's New Jersey operations, and managing director Mitchell Katz represented the tenant in its search for a new location in the New York metropolitan area. New York Life was represented internally by Ron Petit, who is based in the company's New York City office.
According to Simson, the seven-year lease carries a rental rate of approximately $3.50, along with annual market bumps. Reckitt Benckiser's home, health and personal care brands are sold in over 180 countries around the world. Some of its household products include Lysol, Airwick, Woolite, Clearasil and Easy Off.
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