NEW YORK—New York City REIT has provided additional details today about its previously disclosed early 10-year lease extension with City National Bank for the retail bank and office space at 1140 Avenue of the Americas in Manhattan. The new lease, which extends CNB's occupancy at the building until 2033, adds an additional $44 million in gross rent over the lease term.
CNB will occupy 35,643 square feet at the property including 3,400 square feet of ground floor space as well as the entire second and third floors in addition to a portion of the 16th floor.
Headquartered in Los Angeles, CNB has occupied space at 1140 Avenue of the Americas since 2012, serving as the anchor tenant for the building.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
