Bloomberg LP has reached an agreement to extend the lease at its global headquarters at 731 Lexington Avenue, where it occupies all of the 947K SF of office space in the 1.3M SF building.
Alexander's, the REIT that owns 731 Lexington, announced on Monday an 11-year lease extension that will begin at the expiration of Bloomberg's current lease in 2029 and run until 2040.
Vornado Realty Trust, which developed, manages and leases the property, owns a 32.4% stake in Alexander's.
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