Jones Lang LaSalle
Audit overseers triple office space
The agency that oversees the auditing practices of public companies is expanding its offices. The Public Company Accounting Oversight Board, a nonprofit created as part of the Sarbanes-Oxley Act of 2002, has tripled the size of its space at 1251 Sixth Ave., between West 49th and 50th streets.
The board signed an eight-and-a-half-year sublease for 33,000 square feet, or the entire 16th floor. The asking rents in the 54-story building, whose largest tenant is Deutsche Bank, range from the mid-$40s to $75 a square foot for top floors.
"We looked at other buildings, but this was the best and most viable option," says Michael Liss, a senior associate at the Trammell Crow Co., which represented the tenant.
Studley represented the sublessor, CDC Ixis, a subsidiary of the French banking concern Groupe Caisse d'Epargne.
--Julie Satow
Audit overseers triple office space
The agency that oversees the auditing practices of public companies is expanding its offices. The Public Company Accounting Oversight Board, a nonprofit created as part of the Sarbanes-Oxley Act of 2002, has tripled the size of its space at 1251 Sixth Ave., between West 49th and 50th streets.
The board signed an eight-and-a-half-year sublease for 33,000 square feet, or the entire 16th floor. The asking rents in the 54-story building, whose largest tenant is Deutsche Bank, range from the mid-$40s to $75 a square foot for top floors.
"We looked at other buildings, but this was the best and most viable option," says Michael Liss, a senior associate at the Trammell Crow Co., which represented the tenant.
Studley represented the sublessor, CDC Ixis, a subsidiary of the French banking concern Groupe Caisse d'Epargne.
--Julie Satow
posted by Jones Lang LaSalle NJ News Blog at 10:10 AM
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